Multiple Choice
Which of the following is true of fixed costs?
A) Fixed costs can be changed,but it is extremely costly to do so in a short period of time.
B) Fixed costs cannot be changed in the long-run.
C) Fixed costs can be changed,but only in the short run.
D) Fixed costs cannot be changed in the short-run,because most firms experience constant returns to scale in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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