Which of the following news items involves a short-run decision and which involves a long-run decision? Explain.

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January 31, 2008: Starbucks will open 75 more stores abroad than originally predicted, for a total of 975.

February 25, 2008: For three hours on Tuesday, Starbucks will shut down every single one of its 7,100 stores so that baristas can receive a refresher course.

June 2, 2008: Starbucks replaces baristas with vending machines.

July 18, 2008: Starbucks is closing 616 stores by the end of March.

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Microeconomics

ISBN: 9780131394254

10th Edition

Authors: Michael Parkin

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Question Posted: Feb 15, 2024 08:02 AM

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Which of the following news items involves a short-run decision and which involves a long-run decision? Explain.

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Microeconomics

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