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Short Run: Definition in Economics, Examples, and How It Works
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:max_bytes(150000):strip_icc()/Long-RunAverageTotalCostLRATC3-2-05790fe5acc7408db8515978bd753021.jpg "Long Run: Definition, How It Works, and Example")
Long Run: Definition, How It Works, and Example
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When economists examine firms over time they must define the Short Run and Long Run Short Run –Only some inputs (e.g. labor) can be adjusted –Not enough. - ppt download
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:max_bytes(150000):strip_icc()/Longrun_final-0a54e511165c4539ba930875983dc04b.png "Short Run: Definition in Economics, Examples, and How It Works")
Short Run: Definition in Economics, Examples, and How It Works
