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Which of the following statements is correct? A) While a firm can plan as if it is in the long run, it can operate only
Which of the following statements is correct?
A) While a firm can plan as if it is in the long run, it can operate only in the short-run
B) A firm can enjoy the economies of scale in the short run only
C) The short run is a period of time during which all costs are variable
D) The long run is a period of time during which all costs are fixed
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