Difference between short-run and long-run decisions

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Question - Fixed costs are often defined as "fixed over the short run." Does this mean that they are not fixed over the long run? Why or why not? What is the difference between short-run and long-run decisions? Give an example of each.

Reference no: EM133207057

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Difference between short-run and long-run decisions : Fixed costs are often defined as "fixed over the short run." Does this mean that they are not fixed over the long run

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