how does the long run differ from the short run in perfect competition? a. in the long run, some firms will charge higher prices than others. b. in the short run, the firm seeks to maximize profit; in the long run it seeks to minimize cost. c. in the short run, the firm seeks to maximize profit; in the long run it seeks to maximize revenue. d. the long run is long enough to allow for the entry of new firms into the industry.
