Is the long-run the same calendar time for all firms? Explain.

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Is the "long-run" the same calendar time for all firms? Explain.

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Managerial Economics and Organizational Architecture

ISBN: 978-0073375823

5th edition

Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr

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Question Posted: Apr 11, 2018 02:56 AM

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Is the long-run the same calendar time for all firms? Explain.

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No The short run is the operating period during which at le...View the full answer

Managerial Economics and Organizational Architecture

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