In analyzing a market, the time horizon where technology can change and firms can offer new products is referred to as the
A) short run.
B) very short run.
C) long run.
D) very long run.

Question

Quizplus · Accepted Answer

The very long run is the time horizon in which technology can change and firms can introduce new products, as it allows for significant adjustments and innovations.

In Analyzing a Market, the Time Horizon Where Technology Can