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In the short runO a . existing firms do not face limits imposed by a fixedinputO b . existing firms can exit an industryO c

In the short runO a

.

existing firms do not face limits imposed by a fixedinputO b

.

existing firms can exit an industryO c

.

new firms can enter an industryO d

.

all firms have costs that they must bear regardlessof their output

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