Asked by Chloe Cluchey on Apr 28, 2024
Verified
A firm will operate in the short run as long as it can cover its ______________.
Short Run
In economics, a period during which at least one factor of production is fixed and cannot be changed, limiting adjustments to changes in demand or technology.
- Understand the scenarios in which an enterprise ought to maintain its business or terminate its operations during the short run.
Verified Answer
ZK
Learning Objectives
- Understand the scenarios in which an enterprise ought to maintain its business or terminate its operations during the short run.