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    Exam 22: The Firm: Cost and Output Determination
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    Which of the Following Statements Is NOT True About the Short
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Which of the Following Statements Is NOT True About the Short

Question 302

Question 302

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.

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