Question

In the long run: Group of answer choices production is always greater than zero. the firm considers all factors as fixed. the firm considers all factors as variable. production choices are more limited than in t

Answer 1

the firm considers all factors as variable

Step-by-step explanation:

The long run period is the period where all factors of production are fixed. This is usually referred to as the planning period of the firm.

The short run period is the period where some factors of production are variable and other factors are fixed