Question: In the long run: a. the firm daces the same choices it faces in the short run b. a firm must earn an accounting profit

In the long run:

a. the firm daces the same choices it faces in the short run

b. a firm must earn an accounting profit to continue to exist

c. the level of every input a firm uses can be adjusted

d. a firm must earn positive economic profit to continue to exist

e. the firm chooses to minimize costs rather than maximize profits

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