A Difference Between the Short Run and the Long Run

Multiple Choice

A difference between the short run and the long run is that a firm in the short run:

A) faces an unconstrained cost minimization problem, whereas the firm is constrained in the long run.
B) faces a constrained cost minimization problem, whereas the firm is unconstrained in the long run.
C) faces a constrained cost minimization problem in both the short run and the long run.
D) faces an unconstrained cost minimization problem in both the short run and the long run.