The short run is a time period such that
A) the existing firms in the market do not have sufficient time to change the amounts of any of the inputs that they employ.
B) the existing firms in the market do not have sufficient time to either increase or decrease their current rate of output.
C) the existing firms in the market do not have sufficient time to increase the size of their existing plant or build a new factory.
D) new firms may build plants and enter the industry.

Question

Quizplus · Accepted Answer

In the short run, firms can adjust some inputs but cannot change fixed inputs like the size of their plant or build new factories.

The Short Run Is a Time Period Such That