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What is the correct answer?

4

In the long-run:

A. Fixed cost will be greater than variable cost

B. Variable costs will be greater than fixed costs

C. All costs are variable costs

D. All costs are fixed costs

Correct Answer :

C. All costs are variable costs


In the long run a firm can change all its inputs( size of firm, labor, capital etc) so all costs are variable in long run.}
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