The long run is usually
A)ten years or more.
B)two to three years.
C)one to two years.
D)four to five years or more.
E)one year.

Name: The long run is usually A)ten years or more. B)two to three years. C)one to two years. D)four to five years or more. E)one year.
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Question

Quizplus · Accepted Answer

The long run is typically considered to be a period of four to five years or more, where all factors of production and costs are variable, and firms can fully adjust to changes in the economic environment.

The Long Run Is Usually