Multiple Choice
An industry whose total output can be increased without a change in long-run per-unit costs is a(n)
A) increasing-cost industry.
B) constant-cost industry.
C) zero-cost industry.
D) decreasing-cost industry.
Correct Answer:
Verified
Correct Answer:
Verified
Q253: Suppose a perfectly competitive industry is in
Q254: The long-run supply curve in a constant-cost,
Q255: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -At the short-run
Q256: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The firm in
Q257: A perfectly competitive industry's market price is
Q259: A perfectly competitive firm is selling 300
Q260: A decreasing-cost industry will have<br>A) a perfectly
Q261: A market failure is a situation in
Q262: Which of the following is NOT true
Q263: What is always TRUE about the short-run