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Explain why there is excess capacity in a monopolistically competitive market structure in the long-run?
Polygamy
A matrimonial tradition in which a person has multiple spouses at the same time.
Celibacy
The voluntary abstention from marriage and sexual relations, often for religious or spiritual reasons.
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Progress and innovations in technology that lead to new products, efficiencies, or capabilities, often transforming societies and economies.
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Legal rights refer to the entitlements and freedoms granted to individuals by the law.
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