In the ______, a firm can vary its plant size and does not view any cost as fixed.
A) short run
B) long run
C) intermediate run
D) market period

Question

Quizplus · Accepted Answer

In the long run, a firm can adjust all of its inputs, including plant size, and therefore does not consider any costs to be fixed. This allows for complete flexibility in the firm's operations and decision-making.

In the ______, a Firm Can Vary Its Plant Size