According to Economic Theory,the Difference Between the Long Run and the Short

question 67

Multiple Choice

According to economic theory,the difference between the long run and the short run is:

• A)about two months.
• B)about two years.
• C)not relevant for executive decision makers.
• D)strictly theoretical so that in practice there is no difference between the short run and the long run.
• E)the ability for a firm to vary all resources.

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