The ______ is the period of time during which a firm cannot alter its plant size, although it may alter some resources such as raw materials and labor.
A) long run
B) short run
C) intermediate run
D) market period

Question

Quizplus · Accepted Answer

The short run is defined as the period during which a firm can vary some inputs (like labor and raw materials) but cannot change fixed inputs like the size of its plant or factory.

The ______ Is the Period of Time During Which a Firm