Why time frame for short run differ from industry to next


Expain 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 examples of two industries with the different time frames for the short run. Explain why this is the case.

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Microeconomics: Why time frame for short run differ from industry to next
Reference No:- TGS052603

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