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The short run as the term is used in connection with the theory of the firm is a period of time:

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Question:

The short run as the term is used in connection with the theory of the firm is a period of time:

A.

Too short for the firm to vary all its inputs

B.

No more than a week

C.

Long enough for the firm to vary the quantity of all its inputs

D.

In which the fixed costs are zero

Answer» a. Too short for the firm to vary all its inputs

Note: The above multiple-choice question is for all general and Competitive Exams in India.