Question
Seeing the distinction between short run and long run play out as companies responded to the surge in demand for surgical and respirator masks at
Seeing the distinction between short run and long run play out as companies responded to the surge in demand for surgical and respirator masks at the onset of the COVID-19 pandemic in March 2020.
As the novel coronavirus spread in March 2020, demand for different kinds of surgical and respirator masks surged. Watch the video below to understand how 3M increased the production of masks in the short run. You probably have some knowledge about changes that occurred on the demand and supply sides of the face mask market.
Add to this by conducting some online research on how global production increased in the medium-long run to meet the rise in global demand. Elaborate on the short run versus the long run as it relates to mask production.
The discussion does not have to be confined to face masks alone. Extension to PPE in general is acceptable.
https://youtu.be/Vy9ORIx6_fk?si=ZFpG0QxX0oF5muKn
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The COVID19 pandemic created an unprecedented surge in demand for surgical and respirator masks as well as other personal protective equipment PPE globally The response from companies like 3M provides ...Get Instant Access to Expert-Tailored Solutions
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