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Fixed costs exist only in the short run in the long run

Explain the statement: "Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with different time frames for the short run

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Macroeconomics: Fixed costs exist only in the short run in the long run

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Fixed costs exist only in the short run in the long run

Reference No:- TGS0664626

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Fixed costs exist only in the short run in the long run

Reference No:- TGS0664626

Recent Questions Asked Macroeconomics

Q : For a particular reaction hdeg is 554 kj and s is 941 jk

Q : Calculate the ph of a solution that results from mixing 328

Q : What competitive advantage does hazel have over a

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Q : Fixed costs exist only in the short run in the long run

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