1. What is the distinction between (i) a large and a small decision and between (ii) a...

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1. What is the distinction between (i) a large and a small decision and between (ii) a short-run and a long-run decision? Give an example where a short-run decision is small, another where a short-run decision is large. Then give two more examples, where a long-run decision is small and where a long-run decision is large.

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