Multiple Choice
An economist is studying the pricing behavior of Las Vegas all-you-can-eat buffets. He says he will limit his analysis to a time period that allows for new buffets to enter the market and for existing ones to leave it. The economist is referring to the ________ time period.
A) market
B) industry
C) long-run
D) short-run
Correct Answer:
Verified
Correct Answer:
Verified
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