The short run, as economists use the phrase, is characterized by: A. At least one fixed factor
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Question:
The short run, as economists use the phrase, is characterized by: A. At least one fixed factor of production and firms neither leaving nor entering the industry. B. A period where the law of diminishing returns does not hold. C. No variable inputs - that is all of the factors of production are fixed. D. All inputs being variable.
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