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In the short run, a firm that produces and sells cell phones can adjust:
a. how many workers to hire
b. the size of its factories
c. where to produce along its long run average total cost curve
d. All of the above
Which of the following can a firm do in the long run but not in the short run:
1. Increase the size of its physical plant.
2. Reduce its rate of output by laying off workers.
3. Increase its variable costs.
4. Increases its use of raw materialÂ