The period of time when a firm is unable to change all of inputs,or factors of production,is called the

Question

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The short run is defined as a period of time during which a firm is unable to change all of its inputs or factors of production. In the short run, at least one input is fixed, while others are variable. The long run, on the contrary, is a period of time during which a firm can change all of its inputs, including its technology and plant size. Therefore, the best choice is B.

The Period of Time When a Firm Is Unable to Change