How long does it take a firm to go from the short run to the long run?
A)six months
B)one year
C)two years
D)It depends on the nature of the firm.

Question

Quizplus · Accepted Answer

The length of time it takes for a firm to go from the short run to the long run depends on the specific characteristics of the firm, such as the industry it operates in, the availability of resources and technology, and the firm's financial situation. Some firms may be able to transition to the long run quickly, while others may take several years to do so.

How Long Does It Take a Firm to Go from the Short