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This article will discuss the short run economic model and how it is used in business.
There are many different factors that affect the decisions of a profit-maximizing firm.
But one thing remains true: firms want to make as much money as possible.
This article will focus on explaining what the short run economic model is, why firms would use this model, and what happens when they do so.
They will eventually reach the point where production is too high for demand.
This is known as “short run economic conditions.”
The short run model deals with how to maximize profit in this time period when output exceeds demand.
It takes into account what resources are available and tries to figure out how best to use them so that there are no wasted inputs or outputs while maximizing profits.
Firms want to make as much money as possible during these times by creating more product than customers need .
But not so much that it costs more per unit than people would be willing to pay.
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