The short run is defined as the time frame:
A. in which there are fixed factors of production.
B. less than one year.
C. less than three years.
D. in which there are no fixed factors of production.
Answer: A
Economics
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A) approximately 13 million B) approximately 46 million C) approximately 73 million D) approximately 104 million
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Holding everything else constant, government approval of horizontal mergers is more likely to be granted if the "market" that firms are in are broadly defined rather than narrowly defined
Indicate whether the statement is true or false
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