The length of the short run
A)is different for different types of firms.
B)can never exceed 3 years.
C)can never exceed 1 year.
D)is always less than 6 months.

Question

Quizplus · Accepted Answer

The length of the short run is not a fixed period of time and varies based on the type of production process and industry. Some firms may consider a period of a few months as the short run, while others may consider it to be a year or more. Therefore, option A is the correct answer. Options B, C, and D are incorrect because they limit the length of the short run to a fixed period of time, which is not true in general.

The Length of the Short Run