Recall the Application about costs in the copper mining industry to answer the following question(s).
-Recall the Application. If the price of copper drops dramatically today, then only the mines with high extraction costs will continue to operate.

Question

Quizplus · Accepted Answer

If the price of copper drops dramatically, only mines with low extraction costs will continue to operate, as they can still be profitable at lower prices.

Recall the Application About Costs in the Copper Mining Industry