Explain the difference between the short and the long run in production

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 35CTQ: It is clear that businesses operate in the short run, but do they ever operate in the long run?...
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Explain the difference between the short and the long run in production

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