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?
W6: Profits and the Shut Down Decision
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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?
Submit your initial post by midnight, Day 3. Please respond to two of your classmates’ posts by midnight, Day 7.
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