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1. Explain how the profit-maximizing behavior differs for a firm in the short run vs. the long run. 1. Explain how the profit-maximizing behavior differs

1. Explain how the profit-maximizing behavior differs for a firm in the short run vs. the long run.

1. Explain how the profit-maximizing behavior differs for a firm in the short run vs. the long run.\f3. Explain how entry and exit will lead to zero profits in the long run

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