Or Distinguish between short run and long run tabel
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The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. The long run is a period of time in which the quantities of all inputs can be varied. ... The short run and long run distinction varies from one industry to another.
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The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. The long run is a period of time in which the quantities of all inputs can be varied. ... The short run and long run distinction varies from one industry to another."
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