Reference: Ref 11-9 (Figure: Industry Firms) Refer to the figures. This industry is a(n):

Name: Reference: Ref 11-9 (Figure: Industry Firms) Refer to the figures. This industry is a(n):
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In a constant cost industry, firms entering or exiting the market do not affect the long-run equilibrium price or quantity. This is demonstrated in the figure where an increase or decrease in the number of firms does not shift the market supply or demand curve, resulting in the same equilibrium price and quantity.

Reference: Ref 11-9 (Figure: Industry Firms) Refer to the Figures