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    Microeconomics Study Set 40
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    Exam 11: Behind the Supply Curve: Inputs and Costs
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    The Long Run Is a Period That Is
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The Long Run Is a Period That Is

Question 4

Question 4

Multiple Choice

The long run is a period that is:


A) long enough to vary the quantities of all factors of production.
B) long enough to vary all factors of production except for the amount of capital available.
C) more than one month.
D) at least one year.

Correct Answer:

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