The Main Difference Between the Short Run and the Long

question 214

Multiple Choice

The main difference between the short run and the long run is that

• A)firms earn zero profits in the long run.
• B)the long run always refers to a time period of one year or longer.
• C)in the short run, some inputs are fixed and some are variable.
• D)in the long run, all inputs are fixed.

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Definitions:

Tight Budget

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Communications Analysis

Examination and assessment of the strategies, channels, and effectiveness of an organization's or individual's methods of communication.

Organization's Reputation

The collective perceptions and opinions held by stakeholders about a company’s conduct, integrity, and achievements.

Surveys

Research method that asks both closed questions (multiple choice, yes or no, true or false) and open-ended questions.