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Unformatted text preview: efficient than large number of firms Low: People everywhere are free to enter and exit into acting. Drama Class, Acting Schools. No Limitations Advertising, customer loyalty, and research and development Numbers of Organizations 1 Many 1 Price Elasticity of Demand Market Demand Curve; Inelastic Elastic Depends on ones income Economic Profits: Is There a Presence of Economic Profits? (Yes or No) Yes Yes Yes...
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- Spring '10