The “law of diminishing returns” applies to : (a) the short-run, – InterviewSolution

1.	The “law of diminishing returns” applies to : (a) the short-run, but not the long-run (b) the long-run, but not the short-run (c) both the short-run and the long-run (d) neither the short-run nor the long-run
Answer» (a) the short-run, but not the long-run

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