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
B. all factors become variable
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
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…