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.

Barriers to Entry

Factors that prevent or hinder new competitors from easily entering an industry or area of business.

Short Run

A time period in economics during which some factors of production are fixed, influencing decisions on production and costs.

Plant Size

Refers to the physical capacity or scale of a manufacturing facility, which can affect production efficiency, costs, and the firm's ability to satisfy market demand.