In the long run,
A)all costs are variable costs.
B)all costs are fixed costs.
C)there are no variable costs.
D)b and c

Name: In the long run, A)all costs are variable costs. B)all costs are fixed costs. C)there are no variable costs. D)b and c
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Question

Quizplus · Accepted Answer

In the long run, all costs are considered variable costs because firms have the flexibility to adjust all inputs and production factors, unlike in the short run where some costs are fixed.

In the Long Run