Determine if the firm is operating in the short run

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Reference no: EM131095624

Given the information below, determine if the firm is operating in the short run or the long run.

1. old york & company, a women's retailer, is not under a wage contract with its employees, but it is currently in a one year lease at its mall location.

2. Halle Sanson, a nail polish manufacturer, has a vertical aggregate supply curve.

3. Ruby Wednesdays Restaurants is currently paying its managers a fixed salary in a six month contract.

4. General Auto is producing at a fixed full-employment level of production.

Reference no: EM131095624

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