Why is it important for managers to understand the mechanics of supply and demand both in the short run and the long run? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the market in which they are competing.
Why is it important for managers to understand the mechanics of supply and demand both in the short run and the long run? Give examples of companies whose business was either helped or hurt by changes in supply or demand in the market in which they are competing.
Chapter9: Perfect Competition
Section9.3: Perfect Competition In The Long Run
Problem 2ST
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Why is it important for managers to understand the mechanics of supply and demand both in the short run and the long run?
Give examples of companies whose business was either helped or hurt by changes in supply or demand in the market in which they are competing.
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