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The Difference Between Short-Run and Long-Run Cost Is That in the Long

Question 125

Multiple Choice

The difference between short-run and long-run cost is that in the long run,


A) there are shortages of labor that can restrict output
B) only labor can be changed to increase or decrease production
C) fixed factors of production have already been chosen
D) there are no diseconomies of scale
E) all factors of production are variable

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