Examlex
Which of the following is a simple sentence?
Long Run
A period of time in economics sufficient for all markets to adjust, including changes in production capacity and market entry or exit.
Short Run
In economics, a period in which at least one input is fixed and cannot be changed by the firm.
Firm's Output
The total quantity of goods or services produced by a company within a specific period.
Short Run
Refers to a time period in which at least one input (e.g., capital) is fixed, limiting the ability of a business to adjust to changes in market demand or production costs.
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