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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    The Short Run Is Defined as the Time Frame
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The Short Run Is Defined as the Time Frame

Question 65

Question 65

Multiple Choice

The short run is defined as the time frame:


A) in which there are no fixed factors of production.
B) in which there are fixed factors of production.
C) less than one year.
D) less than three years.

Correct Answer:

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