The long run refers to the time interval in which suppliers are able to change the quantityof some, but not all, of the resources in the production of a good.

Name: The long run refers to the time interval in which suppliers are able to change the quantityof some, but not all, of the resources in the production of a good.
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Question

Quizplus · Accepted Answer

The long run refers to the time interval in which suppliers are able to change the quantity of all resources in the production of a good, including both fixed and variable resources.

The Long Run Refers to the Time Interval in Which