Which of the Following Does NOT Describe the Long-Run Production

question 128

Multiple Choice

Which of the following does NOT describe the long-run production period?

• A) It is a time when all inputs are variable.
• B) It is characterized by fixed capital.
• C) It is likely longer for a steel manufacturer than for a retailer who sells watches off a cart at the local mall.
• D) It varies in length according to how capital goods are specialized.

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