_____ cost industry is one where the entry of new firms does not change average total cost.

Name: _____ cost industry is one where the entry of new firms does not change average total cost.
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In a constant cost industry, the entry of new firms does not affect the average total costs because the industry's supply of resources is perfectly elastic. This means that as demand increases and more firms enter the market, the prices of inputs do not change, keeping the average total cost constant.

_____ Cost Industry Is One Where the Entry of New