![]() |
| |||
long run (A period of time in which all factors of production and costs are variable. In the long run, firms are able to adjust all costs, whereas in the short run firms are only able to influence prices through adjustments made to production levels. Additionally, whereas firms may be a monopoly in the short-term they may expect competition in the long-term. Read more: Long Run | |||
long-run period |
долгосрочный период: 16 phrases in 9 subjects |
Banking | 3 |
Energy system | 2 |
Finances | 2 |
General | 1 |
Investment | 1 |
Management | 3 |
Nautical | 1 |
Production | 2 |
Sociology | 1 |