2493EconomicsMedium
The short run, as economists use the phrase, in characterized by?
Ano variable inputs – that is, all of the factors of production are fixed
Ball inputs being variable
Ca period where the law of diminishing returns does not hold
Dat least one fixed factor of production and firms neither leaving nor entering the industry.
Correct answer
D. at least one fixed factor of production and firms neither leaving nor entering the industry.
Explanation
The correct answer is at least one fixed factor of production and firms neither leaving nor entering the industry..