Multiple Choice
A constant-cost industry is one in which:
A) input prices do not change over time.
B) technology does not change over time.
C) input prices and technology do not change as firms enter or exit the industry.
D) input prices and technology do not change over time.
E) firms have reached the maturity phase of the industry's life cycle.
Correct Answer:
Verified
Correct Answer:
Verified
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