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Economics
MEDIUM
ENGLISH
Economics
The short run, as economists use the phrase, is characterized by ?
A
a period where the law of diminishing returns does not hold.
Option A
at least one fixed factor of production and firms neither leaving nor entering the industry
Correct answer
C
all inputs being variable
Option C
D
no variable inputs – that is all of the factors of production are fixed
Option D
Correct answer: B
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