Figure 6-E
-Refer to Figure 6-E.How long does it take a firm to get to the long run?

Name: Figure 6-E -Refer to Figure 6-E.How long does it take a firm to get to the long run?
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Question

Figure 6-E 
-Refer to Figure 6-E.How long does it take a firm to get to the long run?

Quizplus · Accepted Answer

The long run is defined as the period in which a firm can adjust all its inputs, including capital. This period varies depending on the firm and industry, so it is not a fixed duration like a week, month, or year.

Figure 6-E -Refer to Figure 6-E.How Long Does It Take a Firm