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There Are 100 Dog Kennels in Atlanta

Question 71

Multiple Choice

There are 100 dog kennels in Atlanta. An economist studying the pricing behavior of dog kennels tells you that she is limiting her analysis to a time period that does not allow for any new dog kennels to enter the industry or for any established dog kennels to leave the industry. The time period this economist referred to is the


A) market period.
B) industry run.
C) long run.
D) short run.

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