Basic assumption of the long run is that firm

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Reference no: EM131091464

A basic assumption of the long run is that a firm:

cannot change the amount of labor or capital that it employs.

can change the amount of labor and capital that it employs.

can change the amount of capital that it employs but not the amount of labor.

cannot change the amount of capital that it employs but can change the amount of labor.

Reference no: EM131091464

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