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A Level Eco - Micro 2 > Th3.3: Short-run Cost Curves > Flashcards

Th3.3: Short-run Cost Curves Flashcards

1
Q

What is the short run?

A

the length of time when at least one factor of production is fixed and cannot be changed

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2
Q

What is the long run?

A

when all factors of production become variable

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A Level Eco - Micro 2 (150 decks)

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