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The difference between the short-run and long-run explains

The difference between the short-run and long-run explains why many Canadian oil companies have continued to produce output even though the low price of oil means that they are earning negative economic profits. [Hint: Assume that Canadian oil companies operate in a competitive world oil market.] True or false, and why?

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Macroeconomics: The difference between the short-run and long-run explains

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Macroeconomics: The difference between the short-run and long-run explains

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