2 years ago

explain the relationship between costs in the short run and costs in the long run. and define the "short run" means.

1 answer:

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Answer:

The short run is a concept that states that, within a certain period in the future, at least one input is fixed while others are variable. ... The short run does not refer to a specific duration of time but rather is unique to the firm, industry or economic variable being studied.

Explanation:

i think this is it i hope it helps

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