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The model of monopolistic competition characterizes the market for plumbing services in a city.This market is initially in long-run equilibrium,but then there is an increase in market demand for plumbing services.We expect that in the long run:
Borrowing
The act of obtaining or receiving something on loan with the promise or understanding of returning it or its equivalent.
Social Security Benefits
Payments made to eligible individuals, typically retirees or disabled workers, provided through a government system funded by payroll taxes.
Payroll Tax
Charges implemented on employers or their workforce, typically based on a proportion of the salaries paid to employees.
Income Tax Rate
The percentage of an individual's or corporation's income that is paid to the government as tax.
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