Which of the following statements is true in the long run?

Name: Which of the following statements is true in the long run?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the long run, all inputs are considered variable, and there are no fixed inputs. This allows firms to adjust their inputs as needed to achieve their desired level of output. Therefore, option A) is the correct answer. Options B), C), and D) are incorrect as they are all limiting factors that a firm can indeed adjust in the long run.

Which of the Following Statements Is True in the Long