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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 14
Suppose that, in the long run, the price of feature films rises as the movie production industry expands. We can conclude that movie production is a (an)
A) increasing-cost industry.
B) constant-cost industry.
C) decreasing-cost industry.
D) marginal-cost industry.
A) increasing-cost industry.
B) constant-cost industry.
C) decreasing-cost industry.
D) marginal-cost industry.
Explanation
Verified
Verified
Therefore, if in the long run ...
Economics for Today 9th Edition by Irvin Tucker
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