Week 6 Discussion - Costs v it; Subscribe Explain why there are no fixed costs in the long run A firm faces no fixed costs in the long run. To help understand this idea, let's consider some applications that we may run into. For this discussion, your task is to: 1. Pick a cost that is fixed in the short run for either a real-world or hypothetical firm connected to your career path or field of interest. 2. Explain why, in the long run, this cost is likely to become variable for that firm. a\" E Learning Objective: 7.5.4 Analyze cost and production in the long and short run