The short run, as economists use the phrase, in characterized by ? – McqOptions

MCQOPTIONS

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

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