A characteristic of the long run that is not available in the short run is that a firm is free to vary its output.

Name: A characteristic of the long run that is not available in the short run is that a firm is free to vary its output.
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In both the short run and the long run, a firm can vary its output. However, in the long run, a firm can also change all input levels, including capital, whereas in the short run, some inputs are fixed.

A Characteristic of the Long Run That Is Not Available