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Which of the following is NOT a reason why cash flow may not equal net income?
Perfect Competition
A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and free entry and exit, leading to price-taking behavior.
Long-Run Equilibrium
A state in which all firms in a market are earning normal profits, and there is no incentive for firms to enter or exit the market.
Marginal Cost
Marginal cost is the additional cost incurred by producing one additional unit of a good or service.
Celebrity Spokesperson
A famous individual who is paid to use their fame to help promote a product or service.
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