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Employees who believe that their union has treated them unfairly may
Physical Differences
Variations in the material, size, weight, or other physical properties of products or entities.
Long Run
A period in which all factors of production and costs are variable, allowing for full adjustment to change.
Product Differentiation
The method of differentiating a product or service from its competitors to enhance its appeal to a specific target audience.
Monopolistic Competition
A market structure where many companies sell products that are similar but not identical, leading to competition based on factors other than price.
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