ChiefRedCloud
ChiefRedCloud
01.04.2021 • 
Business

Magine you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market? Applying the concept of marginal costs, how would you, as a business owner, decide how much to produce? How does the impact of fixed costs change production decisions in the short run and in the long run?

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