Which of the following is true about short-run and long-run pricing decisions?
A)Short-run decisions include pricing for a special order with no long-term implications.
B)Short-run decisions typically have a time horizon of six months or less.
C)Long-run decisions include pricing a main product in a major market.
D)All of the answers are correct.

Question

Quizplus · Accepted Answer

All of the options are correct statements about short-run and long-run pricing decisions. Short-run pricing decisions may include pricing for a special order with no long-term implications, while long-run decisions may include pricing a main product in a major market. The time horizon for short-run decisions is typically six months or less.

Which of the Following Is True About Short-Run and Long-Run