In the long run, the firm____change the number of workers it employs and__che size of its plant. OA) can; can OB) can; cannot OC) cannot; can OD) cannot; cannot
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In the long run, the firm can adjust both the number of workers it employs and the size of its plant. This flexibility allows firms to optimize their production processes, respond to market changes, and achieve economies of scale. By having the ability to change both factors, firms can adapt to shifts in demand and market conditions more effectively. In economic theory, the long run is a period in which all factors of production can be varied, unlike the short run where some resources are fixed. Firms often use this period to innovate, expand, or contract based on strategic goals, ultimately leading to improved productivity and profitability.