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    Managerial Economics Study Set 3
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    Exam 8: Cost Analysis and Estimation
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    In the Long Run, The
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In the Long Run, The

Question 35

Question 35

Multiple Choice

In the long run, the:


A) availability of at least one input is fixed.
B) Firm's operating decisions are typically constrained by prior capital expenditures.
C) availability of all but one input is fixed.
D) firm has complete flexibility with respect to input use.

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