A period of time in which the quantity of at least one factor of production used by a firm is fixed is called the
A) market period.
B) intermediate run.
C) short run.
D) long run.
Correct Answer:
Verified
Q10: The short run is a time period
Q11: An example of a variable factor of
Q12: The long run
A) means a long period
Q13: After constructing a new factory, the cost
Q14: A period of time in which the
Q16: In the long run, a firm has
A)
Q17: When the demand for electricity peaks during
Q18: A cost that has already been made
Q19: In the short run
A) all factors of
Q20: The short run is a period of
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