The short run is a time period such that:
A) the existing firms in the industry do not have sufficient time to adjust the quantity of any inputs which they employ.
B) the existing firms in the industry do not have sufficient time to adjust their current rate of output.
C) new entrants have sufficient time to build factories and enter the industry.
D) the existing firms in the market do not have sufficient time to increase the size of their existing plants or build new factories.

Question

Quizplus · Accepted Answer

In the short run, firms can adjust some inputs like labor but cannot change fixed inputs like the size of their plants or build new factories.

The Short Run Is a Time Period Such That