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What Transportation Mode Has Very High Initial Investment Costs but Gives

question 34

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What transportation mode has very high initial investment costs but gives a very low cost per mile for products that are highly specialized and require no packaging?

Explain the effects of short-run profit on market dynamics and long-run equilibrium in price-taker industries.
Analyze the impact of changes in demand and supply on market prices and output in the short and long run.
Describe the conditions for long-run equilibrium in price-taker markets and the concept of economic profit.
Identify the factors that determine the long-run supply curve's shape in different types of industries.

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