In the process of long-term profit maximization, the business makes decisions under the assumption that it can
A. not change any of its costs.
B. change only short-term costs.
C. vary all the inputs.
D. change only long-term costs.
Answer: C
Economics
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Centralizing decisions is efficient if people at lower levels of an organization have knowledge to which those at higher levels can add little
Indicate whether the statement is true or false
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