what are some of the benefits of the long run 
since the costs are variable in the long run firms have the option to make adjustments to the way it operates so when the need arises it can increase or decrease operations furthermore they can decide how best to shape their factors of production in order to reduce costs the bottom linethe long run is a situation where companies can operate under variable production factors because these inputs aren t fixed costs are also variable this allows a greater degree of flexibility because companies can make adjustments to their production levels and how they operate to keep costs down but there is a downfall there is usually perfect competition which means there is no chance for exceptional profits 