Examlex

Solved

A Characteristic of the Long Run That Is Not Available

question 299

True/False

A characteristic of the long run that is not available in the short run is that a firm is free to vary its output.


Definitions:

Federal Law

Laws passed by the national government of a country that are applicable throughout the country.

State Laws

Legislation established by individual states within a country, governing within its own borders and specific to its jurisdiction.

At-Will

An employment arrangement in which either the employer or employee can terminate the relationship at any time, for any reason that is not illegal.

Notice

A formal communication or statement that informs parties about legal obligations, intentions, or changes in circumstances.

Related Questions