Complete the following table:
Definitions:
Low-Quality
Referring to products or services that fail to meet expected standards of performance, reliability, or durability.
Economic Profits
Earnings that exceed the opportunity costs of all resources used by a firm, often considered as profits above normal profits.
Free Entry
A market condition where firms can freely enter or exit the industry without facing significant barriers.
Competitive Markets
Competitive markets are characterized by many buyers and sellers, allowing for free and open competition which dictates prices and quality of goods and services.
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