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Loyal, Inc., is a §501(c)(3) organization that is not classified as a private foundation.During the current year, it is subject to intermediate sanctions.What other options does the IRS have in dealing with an exempt organization engaging in prohibited transactions?
Waste of Resources
The inefficient use of materials, labor, energy, or capital that does not maximise potential utility or value.
Monopolistically Competitive
In a monopolistically competitive market, many firms sell products that are similar but not identical, allowing for product differentiation and some degree of market power over prices.
Short Run
A period in economic analysis in which at least one input is fixed while others are variable.
Long Run
the period in which all factors of production and costs are variable, allowing for all possible adjustments, including the adoption of new technology.
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