A friend of mine is in a band and they tell me stories about
when they went on tour. At the beginning when they were not big they had to pay
for recording time and studio time and then they still had travel costs and
food costs they had to pay for. They told me multiple tours at first they were
not making any profits. But considering that they did not have any other way of
making some sort of income they said they had to keep going on tour even though
it was costing them money at times. This I felt was a great example of the
short-run.
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