The Short Run Is a Time Period Such That

question 23

Multiple Choice

The short run is a time period such that

• A) the existing firms in the market do not have sufficient time to change the amounts of any of the inputs that they employ.
• B) the existing firms in the market do not have sufficient time to either increase or decrease their current rate of output.
• C) the existing firms in the market do not have sufficient time to increase the size of their existing plant or build a new factory.
• D) new firms may build plants and enter the industry.

---

Definitions:

Search

The process of locating specific information or data in a database, on the internet, or within a file system.

Contacts

Information about individuals or organizations, typically including names, addresses, and phone numbers, stored for communication purposes.

Window

A graphical control element in a computing interface that displays the contents of an application or document in a separate viewing area.

Contacts Window

A user interface element in email or communication applications that displays a list of contacts or available participants.