Solved: Describe the difference between the short run and long run, Microeconomics

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Describe the difference between the short run and long run

Discussion:

Short and Long Run

Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables. Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?

Please respond with 250 words or more.

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Microeconomics: Describe the difference between the short run and long run

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