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Nadasia Durant
on Nov 25, 2024

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If start-up firms can quickly shift the short-run cost curves up and to the left, they would improve their chances of becoming profitable.

Short-Run Cost Curves

Graphical representations that show how a firm's costs vary with output level in the short term, where at least one factor of production is fixed.

Start-Up Firms

New businesses in the early stages of operation, often associated with innovation and entrepreneurship in various industries.

Profitable

A term used to describe a business or activity that generates more revenue than the expenses incurred in operating.

  • Differentiate between the concepts of short-term and long-term periods in the contexts of production and expenditure.
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MA
Muhammad AsadullahNov 29, 2024
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