Question

Which of the following applies most generally to supply in the long run? Group of answer choices All original producers will leave the market. Producers are only able to make change in their variable factors of production. Average total cost must decline. Producers are able to make change in all their factors of production.

Answer 1

Producers are able to make change in all their factors of production.

Step-by-step explanation:

The long run is a period when all factors of production are variable bot fixed and variable factors of production.

In the long run, firms that are earning losses would exit the industry.