Yea lots of ppl just guess and it’s not very accurate
Answer:
The long run is 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.
The short run firms are only able to influence prices through adjustments made to production levels.
Answer:
The ruling was made by a lower court than the court hearing the current case.
Some of the facts of the original case are significantly different than the current case.
The judge in the original case did not have jurisdiction to try the case.
Explanation:
1, 5,4
