One of the main differences between the long run and the short run is that

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In the short run, at least one factor of production, such as labor or capital, is fixed. This means that there will be diminishing marginal returns as the fixed factor becomes increasingly overused. However, in the long run, all factors of production are variable, so there are no fixed inputs and no diminishing returns. This allows for greater flexibility and a wider range of production possibilities for firms. The ability to earn profits or operate at a loss is not the defining difference between the two time periods.

One of the Main Differences Between the Long Run and the Short