Business Studies, asked by yethcortez48, 7 months ago

When is it easier to make production decisions – in the short run or in the long run? Why?

Answers

Answered by aaryasuhagpalace
2

Answer:

hi

Explanation:

In the long run, firms are able to adjust all costs, whereas, in the short run, firms are only able to influence prices through adjustments made to production levels. Additionally, while a firm may be a monopoly in the short term, they may expect competition in the long run.

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