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In the long term run factors of production are considered to be

In the long term run factors of production are considered to be
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A At maximum
  • B Fixed
  • C Variable
  • D Increasing
Correct Answer: Option C
Explanation:
In the Long-Run, all factors of production are variable and firms are able to adjust all costs

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