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Which skin infection is caused by a fungus?
Long-run Equilibrium
A state in which all aspects of an economy or market are balanced, and all adjustment processes have been completed over time.
Consumer Demand
The desire and ability of consumers to purchase goods and services at given prices within a specific time period.
Competitive Increasing-cost Industry
An industry in which the entry of new firms causes the prices of inputs to increase, affecting the cost of production for all firms.
Long-run Equilibrium
A state in which all factors of production and inputs can be varied, allowing for full adjustment by firms and the economy, and no excess demand or supply exists.
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