Multiple Choice
Suppose a constant-cost competitive industry produces widgets using labor and capital in fixed proportions.A firm in the industry faces:
A) a vertical supply curve for labor and capital.
B) a downward sloping supply curve for labor and capital.
C) a horizontal supply curve for labor and capital.
D) an upward sloping supply curve for labor and capital.
Correct Answer:
Verified
Correct Answer:
Verified
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