Multiple Choice
In economic analysis,the long run
A) is a period of time during which a firm may vary one or two of its inputs.
B) represents a planning horizon for a firm currently making an investment decision.
C) exists when all inputs are frozen.
D) is never realized.
E) is the time a firm needs to vary output to respond to changes in demand.
Correct Answer:
Verified
Correct Answer:
Verified
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