In the long run,
A)all costs are variable costs.
B)all costs are fixed costs.
C)there are no variable costs.
D)costs can be fixed or variable.

Name: In the long run, A)all costs are variable costs. B)all costs are fixed costs. C)there are no variable costs. D)costs can be fixed or variable.
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Question

Quizplus · Accepted Answer

In the long run, all costs are variable because firms can adjust all inputs, including capital, labor, and technology, to optimize production.

In the Long Run