what do you mean by short run?
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The short run is a concept that states that, within a certain period in the future, at least one input is fixed while others are variable. ... The short run does not refer to a specific duration of time but rather is unique to the firm, industry or economic variable being studied.
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The short run is a concept that states that,within the certain period in the future,at least one input is fixed while others are variable......the short run does not refer to a specific duration of time but rather is unique to the firm,industry or economic variable being studied.
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