Which of the following is characteristic of the long run?
Select ONE answer:
- The firm’s plant is fixed.
- All resources can be varied.
- It must exceed 12 months in length
- All of the above answers are correct.
Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Economics KS5 classes.
The answer is 2
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