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2 questions
Import substitution correct production costs; short run long run cost concepts as per NCERT.
Ref: NCERT Economics Class XI Chapter 4 Production and Costs discusses production function costs short run long run concepts clearly explained.
imposing taxes correct production costs; short run long run cost concepts as per NCERT.
Ref: NCERT Economics Class XI Chapter 4 Production and Costs discusses production function costs short run long run concepts clearly explained.
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