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Adj.1.long-run - relating to or extending over a relatively long time; "the long-run significance of the elections"; "the long-term reconstruction of countries damaged by the war"; "a long-term investment"
long - primarily temporal sense; being or indicating a relatively great or greater than average duration or passage of time or a duration as specified; "a long life"; "a long boring speech"; "a long time"; "a long friendship"; "a long game"; "long ago"; "an hour long"
References in periodicals archive ?
If we could establish that the firm's long run marginal cost curve (LMC) remains unchanged or shifts downward, we would know that the optimum size of the firm must increase because, in order for that LMC curve to intercept the new, higher LAC curve at its minimum, that new minimum would have to lie to the right of the original minimum.
Low household tariffs, which -although fairly high compared to some of the other East European systems in transition- continue to understate the long run marginal costs of household supply.
Prices and Margins: "As noted above recent prices and margins have improved substantially compared to historic averages and in most cases are now well above long run marginal costs.