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In the Long Run, the Law of Diminishing Marginal Returns

Question 53

Multiple Choice

In the long run, the law of diminishing marginal returns


A) is not relevant because there are no fixed factors of production.
B) does not hold because technology is a variable.
C) does hold, regardless of production process.
D) sometimes holds, depending on the production process.
E) is exactly the same as in the short run.

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