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Question

Period of time in which all the goods are produced and no more production takes place is called _____________.


A
Time period
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B
Market period
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C
Demand period
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D
None of the above
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Solution

The correct option is B Market period

A period of time in which at all inputs in the production process are fixed, meaning the quantity of output itself is fixed. In other words, you've produced the good, you're not going to produce anymore, for now, all that remains is to sell it.


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