jimohkemzy jimohkemzy
  • 17-03-2021
  • Law
contestada

what are the differences between long run and short run in economics
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Respuesta :

lak521
lak521 lak521
  • 18-03-2021

Answer:

The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs.

The short run firms are only able to influence prices through adjustments made to production levels.

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