In the short run
A) existing firms do NOT face limits imposed by a fixed input.
B) all firms have costs that they must bear regardless of their output.
C) new firms can enter an industry.
D) existing firms can exit an industry.

Question

Quizplus · Accepted Answer

In the short run, firms have fixed costs that they must pay regardless of their level of output. These costs are associated with fixed inputs that cannot be changed in the short run.

In the Short Run