Question: Why might a profitable hotel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding

Why might a profitable hotel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

Whattypesof costs are involved in making a business decision to shut down? Define and explain the formal criterion that a business should use to make a temporary shut-down decision.

What are some examples of the types of costs discussed above.

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