The main difference between the short run and the long run is that a. firms earn

Question

The main difference between the short run and the long run is that a. firms earn losses in the long run. b. the long run always refers to a time period of one year or longer. c. in the long run, only one variable can be fixed. d. in the short run, one or more inputs are fixed. e. none of the above The main difference between the short run and the long run is that firms earn losses in the long run. the long run always refers to a time period of one year or longer. in the long run, only one variable can be fixed. in the short run, one or more inputs are fixed. none of the above a. firms earn losses in the long run. b. the long run always refers to a time period of one year or longer. c. in the long run, only one variable can be fixed. d. in the short run, one or more inputs are fixed. e. none of the above

Explanation / Answer

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

c.in the long run, only one variable can be fixed.

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