Which period describes when companies can alter their output but not their plant capacity?
A) market period
B) short run
C) long run
D) medium run

Question

Quizplus · Accepted Answer

In the short run, companies can adjust their output levels by changing variable inputs (like labor and raw materials) but cannot alter their fixed inputs, such as plant capacity, which requires long-term planning and investment.

Which Period Describes When Companies Can Alter Their Output but Not