The Main Difference Between the Short Run and the Long

question 175

Multiple Choice

The main difference between the short run and the long run is that

• A)firms earn losses in the long run, but not in the short run.
• B)the long run always refers to a time period of one year or longer.
• C)in the long run, only one input can be fixed.
• D)in the short run, one or more inputs are fixed.
• E)none of the above