The long run is a

1.	The long run is a
Answer» PERIOD long enough to allow FIRMS to change plant size and CAPACITY The period is long enough to allow firms to change plant size and capacity. The long run is a period of TIME in which all factors of PRODUCTION and costs are variable. In the long run, firms are able to adjust all costs.

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PERIOD long enough to allow FIRMS to change plant size and CAPACITY

The period is long enough to allow firms to change plant size and capacity. The long run is a period of TIME in which all factors of PRODUCTION and costs are variable. In the long run, firms are able to adjust all costs.

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The long run is a

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