EERS The long run is defined as the time period over which O A. some of...

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EERS The long run is defined as the time period over which O A. some of the firms factors of production are imported. O B. s

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Answer 1

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The long run is defined as the time period over which all the firms factors of production can be varied.

In long run, firms are able to adjust its factors such as cost, prices, quantity etc and has much greater flexibility than the short run. Firm can adjust the cost and other factors according to the change in demand.

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Answer 2

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Add Answer to: EERS The long run is defined as the time period over which O A. some of...

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