What Is the Difference Between Fixed Cost and Variable Cost

What is the difference between fixed cost and variable cost?

A) Fixed cost can be changed in the short run only, but variable cost can be changed in the short run or the long run.
B) Fixed cost be changed in the long run only, but variable cost can be changed in the short run or the long run.
C) Fixed cost can be changed in the short run or the long run, but variable cost can be changed only in the short run.
D) Fixed cost can be changed in the long run only, and variable cost cannot change.

Correct Answer:

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