Which of the following is true in the long run? Option 1: All factors of production are fixed. Option 2: Firms will suffer losses. Option 3: Firms can enter or leave an industry…

Question

asked Aug 8, 2024 152k views

1 Answer

Nikana Reklawyks · Answer 1 · 2024-08-12T18:03:14+0000

Answer:

Option 3: Firms can enter or leave an industry.

Step-by-step explanation:

In the long run there are no fixed factors of production.