Which of the following is NOT a characteristic of a constant cost competitive industry-As the industry expands in the long run,
A) the price of the product remains constant.
B) inputs 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
Q23: A typical firm in a perfectly competitive
Q27: In a perfectly competitive market,
A)a firm can
Q28: Which of the following CANNOT be true
Q29: Refer to the following:
The table below
Q29: When a perfect competitive industry is in
Q30: Which of the following is NOT a
Q30: Refer to the following figure:
Q36: Refer to the following:
The table below
Q38: Refer to the following figure:
Q39: Refer to the following figure, showing the
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