How is it possible for perfectly competitive firms to maximize profit in the short run versus in the long run?

How is it possible for perfectly competitive firms to maximize profit in the short run versus in the long run?

How is it possible for perfectly competitive firms to maximize profit in the short run versus in the long run? Provide an example from your own work experience.

Answer preview How is it possible for perfectly competitive firms to maximize profit in the short run versus in the long run?

APA

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