Fixed costs exist only
Fixed costs exist only in:
the long run.
capital-intensive markets.
the short run.
labor-intensive markets.
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fixed costs exist only inthe long runcapital-intensive marketsthe short runlabor-intensive
which of the following pricing strategies is not used in markets with special cost and demand structurespeak-load
a perfectly competitive firm faces aperfectly elastic demand functionperfectly inelastic demand functiondemand function
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