Difference between revisions of "Short Run"

Latest revision as of 20:38, October 7, 2008

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-The '''Short Run''' is an [[economics]] term for the period of time during which a [[firm]] is bound by some unalterable [[contract]], such as a contract to [[consume]] a certain quantity of [[inputs]] or to produce a certain quantity of goods. When a firm makes decisions over a time period wherein it is not permanently bound to any contracts, it enters the long run.
+#REDIRECT [[Short run]]
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-[[Category:Economics]]