The basic characteristic of the short run is that:

A) barriers to entry prevent new firms from entering the industry.
B) the firm does not have sufficient time to change the size of its plant.
C) the firm does not have sufficient time to cut its rate of output to zero.
D) a firm does not have sufficient time to change the amounts of any of the resources it employs.

Short Run

A period during which at least one factor of production is fixed, limiting the ability to adjust to changes in market demand.

Barriers to Entry

Barriers that impede or block new entrants from smoothly accessing a market or business sector.

Plant Size

Plant size refers to the capacity or physical dimensions of a facility where goods are produced, impacting the volume of production and potential economies of scale.