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Run losses contraction - PowerPoint PPT Presentation

Long-Run Costs and Output Decisions

Long-Run Costs and Output Decisions. Appendix: External Economies and Diseconomies and the Long-Run Industry Supply Curve. Prepared by: Fernando Quijano and Yvonn Quijano. Short-Run Conditions and Long-Run Directions. Profit is the difference between total revenue and total economic cost.

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Run losses contraction - PowerPoint PPT Presentation

Long-Run Costs and Output Decisions