The short run is
Question : The short run is
less than six months.
more than six months, but less than a year.
in the short run, some productive resources may be fixed although some other resources may be varied.
the period of time in which all the productive resources can be varied.
the period of time in which all the inputs are fixed.
Question 3. Question : An example of a horizontally integrated firm is one that
owns several plants, each handling a different stage of production.
produces a variety of goods and sells them in widely disparate markets.
owns several plants, each manufacturing the same product.
owns several plants in the same state.
uses highly automated assembly line techniques
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