Firms can often exit a market more quickly than they can enter one. What would change in

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Firms can often exit a market more quickly than they can enter one. What would change in the answers to Problems 8 and 9 if active firms could shut down in the short run avoiding all costs, but inactive firms could enter only in the long run?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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