In the long run, a firm can increase its output quantity, but it will be limited by the size of its existing production plant.

Name: In the long run, a firm can increase its output quantity, but it will be limited by the size of its existing production plant.
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Question

Quizplus · Accepted Answer

In the long run, all factors of production are variable, so a firm can increase its output by expanding its production capacity, such as building a larger plant or acquiring more resources.

In the Long Run, a Firm Can Increase Its Output