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    Microeconomics Study Set 49
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    Exam 7: Costs and Cost Minimization
  5. Question
    The Long-Run Is
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The Long-Run Is

Question 1

Question 1

Multiple Choice

The long-run is:


A) a time period in which all input levels are fixed.
B) a time period in which at least one input level is fixed.
C) one year.
D) a time period in which no input levels are fixed.

Correct Answer:

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