EBK MINDTAP ECONOMICS FOR BOYES/MELVIN'
EBK MINDTAP ECONOMICS FOR BOYES/MELVIN'
10th Edition
ISBN: 9781305387614
Author: MELVIN
Publisher: VST
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Chapter 24, Problem 13E
To determine

To explain:

The reasons for entry and exit of firms occur in the long run and not in the short run.The meaning of short run and long run. Also, explain if the entry of a firm is difficult than exit.

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