Why might the time frame for the short run differ from one, Ask an Expert

Economics

describe the statement: "Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide exs of two industries with different time frames for the short run. describe why this is the case.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M946911

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