Question
The short run is a period of time a. when some prices have not adjusted to clear markets. b. shorter than 1 year. c. when
The short run is a period of time
a. when some prices have not adjusted to clear markets.
b. shorter than 1 year.
c. when all prices have adjusted to equilibrium prices.
d. when all input prices have adjusted to clear markets.
e. shorter than 10 years.
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
