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Topic: The Economic Development: Profits and the Shut Down Decision
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?
Profits and the Shutdown Decision Name Institution Profits and the Shutdown Decision A profitable motel might shut down in the long run if it is located in a land that is extremely valuable based on the economic development. The motel may shut down because being situated in an extremely valuable location due to econo