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