Which of the following statements is the least likely to be true? A) Automation requiring significant capital investment will bring immediate increase in short run profits. B) Automation enables firms to reduce the number of their workers in the short run. C) Automation enables firms to produce goods for lower costs, through significant economies of scale.

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.