After the Sears department store chain emerged from bankruptcy, its CEO Edward Lampert was quoted as saying:

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After the Sears department store chain emerged from bankruptcy, its CEO Edward Lampert was quoted as saying: “Our goal is to continue to shrink the size of our stores.” Is Lampert’s remark referring to Sears’s economic short run or its economic long run? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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