As long as there are __________ costs,we are in the short run.

Name: As long as there are __________ costs,we are in the short run.
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Question

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In the short run, firms have fixed costs that cannot be quickly adjusted, such as rent or salaries. Variable costs, such as labor or materials, can be adjusted in response to changes in output, but fixed costs remain constant. Therefore, the best choice is B) fixed costs.

As Long as There Are __________ Costs,we Are in the Short