8-28-09 - 8. Export sector would be a big company that...

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Garrett Barnes HW Chapt 2 2,4,8 2. It is inelastic because because the short run graph will not move. You have to be able to get over the short run to make money. Price and quantity will stay fixed if supply is fixed. 4. Durability, Location, Lumpy and large economic unit, Costly Information, high transaction cost, regulated use by government.
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Unformatted text preview: 8. Export sector would be a big company that comes in such as GM or Goodyear. Service sector would just be a company to come in and help a big company maybe make smaller parts. Export is much more important in getting population up....
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This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor Jones during the Spring '11 term at Southern Nazarene.

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