If the long-run market supply curve for a perfectly competitive market is horizontal, then this industry is one that exhibits:
A.constant costs.
B.decreasing costs.
C.increasing costs.
D.the absence of marginal costs.

Question

Quizplus · Accepted Answer

The Answer of If the long-run market supply curve for a perfectly competitive market is horizontal, then this industry is one that exhibits:
A.constant costs.
B.decreasing costs.
C.increasing costs.
D.the absence of marginal costs.

If the Long-Run Market Supply Curve for a Perfectly Competitive