In the long run, a firm can change
A) nothing.
B) only one input, such as plant size.
C) all inputs.
D) None of the above are correct.

Question

Quizplus · Accepted Answer

In the long run, a firm can change all inputs, including plant size, labor, and technology. This allows the firm to adjust to changes in market conditions and optimize its production process, making it more efficient and competitive. Therefore, the best choice is C.

In the Long Run, a Firm Can Change