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What distinguishes the long run from the short run in economic analysis? The long run refers to time horizons over 2 years. The long run
What distinguishes the long run from the short run in economic analysis? The long run refers to time horizons over 2 years. The long run has no variable inputs. All inputs become fixed. The long run refers to time horizons over a year. The long run has no fixed inputs. All inputs become variable
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