Discuss difference between the short and long run conditions

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Under what conditions should a firm shut down production in the short run? Under what conditions should a firm shut down in the long run? Explain the difference between the short and long run conditions.

Reference no: EM131704341

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Discuss difference between the short and long run conditions : Under what conditions should a firm shut down production in the short run? Under what conditions should a firm shut down in the long run
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