Which of the Following Distinguishes the Short Run from the Long

question 37

Multiple Choice

Which of the following distinguishes the short run from the long run in pure competition?

• A) Firms can enter and exit the market in the long run but not in the short run.
• B) Firms attempt to maximize profits in the long run but not in the short run.
• C) Firms use the MR = MC rule to maximize profits in the short run but not in the long run.
• D) The quantity of labor hired can vary in the long run but not in the short run.

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A specialized agency of the United Nations responsible for international public health.

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Contaminants in the air that pose health risks or damage to the environment, often resulting from industrial activities, vehicle emissions, and other sources.

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Pertaining to or connected with water, including its management, conservation, and issues surrounding its availability, quality, and use.