Answer to Question #329643 in Microeconomics for Babs

Question

When a film festival opens after the pandemic, is it a short run or long run

Answer 1

The short run is a period of time in which the quantity of at least one input is fixed and the quantities of the other inputs can be varied. The long run is a period of time in which the quantities of all inputs can be varied.

When a film festival opens after the pandemic, is it a short run.