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    Microeconomics Study Set 49
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    Exam 7: Costs and Cost Minimization
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    A Difference Between the Short Run and the Long Run
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A Difference Between the Short Run and the Long Run

Question 5

Question 5

True/False

A difference between the short run and the long run is that a firm in the short run faces a constrained cost minimization problem, whereas the firm is unconstrained in the long run.

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