1. Fixed costs exist only in: the long run. capital-intensive markets
1. Fixed costs exist only in: the long run. capital-intensive markets 1. Fixed costs exist only in: the long run. capital-intensive markets. the short run. labor-intensive markets. 2. If apples have an own price elasticity of −1.2 we know the demand is: unitary. indeterminate. elastic. inelastic. 3. A consumer spends more time searching for a good when her reservation […]
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