5.5 Your company is producing at a point on its longrun average cost curve with economies of...

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5.5 Your company is producing at a point on its longrun average cost curve with economies of scale. As a manager, you have the opportunity to sign a long-term, fixed-price contract for your product that would significantly increase the size of your firm. If you sign the contract and do not expect the prices of your inputs to change, do you think your profit will be larger in the short run or the long run?

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