What do you mean by long-run? - Economics

What do you mean by long-run?

One Line Answer

Long-run is defined as the time period during which all the factors of production can be varied and there are no fixed factors.

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Chapter 7: Laws of Returns - Returns to a Factor and Returns to Scale - TEST YOURSELF QUESTIONS [Page 130]

Chapter 7 Laws of Returns - Returns to a Factor and Returns to Scale
TEST YOURSELF QUESTIONS | Q 2. | Page 130