Relevant pricing information for the short-run and long-run should be the same.

Name: Relevant pricing information for the short-run and long-run should be the same.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

The relevant pricing information for the short-run and long-run is different. In the short-run, fixed costs are considered as sunk costs and do not affect pricing decisions, while in the long-run, all costs are variable and affect pricing decisions. Therefore, relevant pricing information varies between the short-run and long-run.

Relevant Pricing Information for the Short-Run and Long-Run Should Be