BECC-131 Solved Assignment 2024 | PRINCIPLES OF MICROECONOMICS – I | IGNOU

The behaviour of the firm which seems to be efficient in the short-run may found to be inefficient in the long-run. Do you agree? Explain using appropriate diagram. Expert Answer Short-Run Efficiency vs. Long-Run Inefficiency in Firm Behavior The efficiency of a firm's behavior can vary significantly between the short run and the long run …

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