Question: What is the main factor that differentiates the short-run cost function from the long-run cost function? Nothing, the two functions are identical. The level of

What is the main factor that differentiates the short-run cost function from the long-run cost function?

  1. Nothing, the two functions are identical.
  2. The level of technology.
  3. Changes in government subsidies.
  4. The nature of the costs.

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