The Deciding Factor That Determines Whether a Firm Is Operating

question 240

Multiple Choice

The deciding factor that determines whether a firm is operating in the short run versus the long run is whether the

• A) firm has been operating for at least 6 months.
• B) firm has been operating for at least 12 months.
• C) firm is able to change all factors, including its plant size.
• D) firm's fixed costs are smaller in value than its variable costs.