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The long run is a period when

The long run is a period when
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Only the variable factors can be altered
  • B All factors become variable
  • C The firm will cease to exist
  • D Only the fixed factors can be altered
Correct Answer: Option B
Explanation:
The long run is a period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs

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