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According to one estimate,about ____ of children in stepfamilies have serious problems in at least one aspect of functioning in middle childhood,compared to ____ of their peers in non-divorced families.
Price-taker Industry
An industry in which individual firms have no control over the price of their product and must accept the market price set by the forces of supply and demand.
Price-taker Industry
An industry in which individual firms have no control over the price of their product; they "take" the market price as given.
Long-run Equilibrium
A state in which all factors of production and costs are variable, and firms no longer have any incentives to enter or exit the market, resulting in an optimal allocation of resources.
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