Which of the following is NOT a characteristic of a constant cost competitive industry? As the industry expands output in the long run,
A) the equilibrium price of the product remains constant in the long run.
B) input prices remain constant.
C) the cost of production remains constant.
D) the number of firms remain constant.
E) none of the above
Correct Answer:
Verified
Q31: The table below shows a competitive
Q32: Which of the following is NOT a
Q33: The table below shows a competitive
Q34: To answer the question,refer to the following
Q35: To answer the question,refer to the following
Q37: Firms in a perfectly competitive market made
Q38: A competitive firm will maximize profit by
Q39: The table below shows a competitive
Q40: Q41: ![]()
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents