Examlex
How long has it been that scientists have accepted that the nucleus of the atom consists of neutrons and protons? Think of your answers in terms of order of magnitude.
Monopolistically Competitive
An economic setup in which a variety of businesses market goods that are comparable yet distinct, enabling them to have some market control and differentiate their offerings.
Guaranteed A Profit
An assurance that an investment or business endeavor will yield a positive return or profit.
Long Run
In economics, a period in which all inputs, including capital, can be fully adjusted, allowing firms to change their scale of operation.
Economic Profit
An economic profit occurs when the revenue generated from a business activity exceeds both the explicit and implicit costs associated with that activity.
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