Managerial Economics (MindTap Course List)
4th Edition
ISBN: 9781305259331
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
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Chapter 9, Problem 1MC
To determine
Long run.
Expert Solution & Answer
Explanation of Solution
In the long run, firms produce according to the market situations. This would eliminate the excess
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Chapter 9 Solutions
Managerial Economics (MindTap Course List)
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