Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter8: Business Organizations
Section: Chapter Questions
Problem 9AA
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Question
- Family Mart like inner city grocery stores, sometimes exist even though they do not earn economic profits. How can you explain this?
- It is clear that businesses operate in the short run, but do they ever operate in the long run? Discuss.
- What are the different type of costs incurred in the short run and in the long run?
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