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1. In the short run marginal product is diminishing because: A. barriers to entry prevent new firms from entering the industry. B. the firm does
1. In the short run marginal product is diminishing because:
A. barriers to entry prevent new firms from entering the industry.
B. the firm does not have sufficient time to change the size of its plant.
C. the firm does not have sufficient time to cut its rate of output to zero.
D. a firm does not have sufficient time to change the amounts of any of the resources it employs.
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