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Which of the Following Is True of Fixed Costs

Question 104

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.

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