If a firm is operating in the long run the firm is flexible in the following:

Name: If a firm is operating in the long run the firm is flexible in the following:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the long run, the firm has the flexibility to alter all inputs, build a new production facility or modify an existing one. The long run is a period of time where all inputs can be changed and the firm can adjust to any changes in market conditions or technology. Therefore, all of the above choices are correct.

If a Firm Is Operating in the Long Run the Firm