The long run is distinguished from the short run because only in the long run
A) output prices can vary.
B) factor of production prices can vary.
C) the quantities of all factors of production can be varied.
D) the firm no longer maximizes its profit.

Question

Quizplus · Accepted Answer

In the long run, all factors of production are variable, allowing firms to adjust all inputs to achieve optimal production levels.

The Long Run Is Distinguished from the Short Run Because