Multiple Choice
The long run is a time frame in which
A) the firm can hire all the workers it wants to employ,but it does not have sufficient time to buy more equipment.
B) the firm is able to maximize revenue.
C) the firm may want to build a bigger plant,but cannot do so.
D) economic efficiency is achieved.
E) the quantities of all factors of production can be varied.
Correct Answer:
Verified
Correct Answer:
Verified
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