The short run is characterized by:

A) plenty of time for firms to either enter or leave the industry.
B) increasing but not diminishing returns.
C) fixed plant capacity.
D) zero fixed costs.

Short Run

The short run in economics is a time period during which at least one input, such as plant size, is fixed and cannot be changed by the firm.

Fixed Plant Capacity

The maximum output level that a plant can achieve with the current facilities and resources over a specific period.

Industry Entry

The act or process of beginning to compete in a new or existing market as a new participant.