The long-run is a time period in which all input levels are fixed.

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The long-run is a time period in which all input levels can be adjusted or changed, allowing for firms to fully optimize their production processes. The long-run is actually a time period in which all inputs can be varied to achieve optimal efficiency and production levels. In the long-run, firms can adjust their plant size, labor force, and other inputs to achieve their desired level of output.

The Long-Run Is a Time Period in Which All Input