Multiple Choice
Which of the following statements is not true about the short run and the long run?
A) The short run for a firm is today while the long run is next week.
B) These terms apply to the planning decisions of firms.
C) The firm is always operating in the short run.
D) In the short run, the firm can change the amount of variable inputs.
Correct Answer:
Verified
Correct Answer:
Verified
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