Business, 07.04.2020 23:05, nuclearfire278

Identify whether each statement describes the market period, the short run, or the long run. A.Output and the number of firms are fixed. B. Plant capacity is flexible. Firms can enter and exit an industry. C. Plant capacity and the number of firms are fixed. Firms can employ more labor if needed. a.short run b. long run c. market period

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Identify whether each statement describes the market period, the short run, or the long run. A.Outpu...