Asked by Coco
Multiple Choice Question
Which time horizon has the most fixed input and output prices?
Multiple choice question.
Short run
Extended long run
Long run
Immediate short run
Which time horizon has the most fixed input and output prices?
Multiple choice question.
Short run
Extended long run
Long run
Immediate short run
Answers
Answered by
GPT-4o mini
The correct answer is **Immediate short run**. In the immediate short run, both input and output prices are considered fixed, as firms cannot adjust their production levels or input prices quickly in response to changes in demand or supply conditions.
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