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For a perfectly competitive market,long-run equilibrium is characterized by all of the following but which one?
Business Person
An individual who operates a business or enterprise, taking on greater than normal financial risks in order to do so.
Internet Transactions
The buying and selling of goods and services or the transmitting of funds or data, over an electronic network, primarily the internet.
Offer
An offer from one entity to another aimed at establishing a legal contract if accepted.
Contract
An agreement creating obligations enforceable by law, formed by the mutual consent of parties with capacity to agree.
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