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Answer to Question #95348 in Economics for Wilson Pilane

Question #95348
is this statement correct the short run is a time period of less than one year
1
Expert's answer
2019-09-27T09:04:55-0400

The statement is incorrect. The short run doesn't refer to a specific duration of time. The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied.


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