In the long run, a firm can increase its output quantity, but it will be limited by the size of its existing production plant.

Name: In the long run, a firm can increase its output quantity, but it will be limited by the size of its existing production plant.
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Question

Quizplus · Accepted Answer

In the long run, a firm can adjust all of its inputs, including the size of its production plant, allowing it to overcome the limitations of its existing facilities.

In the Long Run, a Firm Can Increase Its Output