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The distinction between the short run and the long run for


The distinction between the short run and the long run for a perfectly competitive firm or a monopolist is that:

in the short run all inputs are fixed whereas in the long run no inputs are fixed

in the short run all inputs are variable whereas in the long run all inputs are fixed

in the short run at least one input is fixed whereas in the long run all inputs are fixed

in the short run at least one input is fixed whereas in the long run no inputs are fixed

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Business Economics: The distinction between the short run and the long run for
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