In the Long Run

question 237

Multiple Choice

In the long run

• A) a firm can shut down, but it cannot exit the industry.
• B) there are no fixed factors of production.
• C) a firm can vary all inputs, but it cannot change the mix of inputs it uses.
• D) all firms must make economic profits.

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Definitions:

Communicator

An individual or entity that conveys information or expresses ideas to others, employing various means of communication.

Usability

Refers to how easily and effectively a user can interact with and achieve objectives using a product or system.

Technical Communicator

A professional who specializes in conveying scientific, technical, or specialized topics in a clear and understandable manner.

Concise and Comprehensive

Being able to present information in a clear and brief manner while still covering all important aspects and details.