In the long run,
A) some resources are variable and some resources are fixed.
B) firms can enter or exit the industry.
C) all resources are fixed.
D) at least one resource is fixed.
E) all costs are considered by the accountant.

Question

Quizplus · Accepted Answer

In the long run, firms have the flexibility to adjust all of their resources, leading to the possibility of entering or exiting the industry based on economic conditions.

In the Long Run