A constantcost industry is one that can expand and contract withouteffecting per unit production costs.

Name: A constantcost industry is one that can expand and contract withouteffecting per unit production costs.
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Question

A constant­cost industry is one that can expand and contract withouteffecting per unit production costs.

Quizplus · Accepted Answer

In a constant-cost industry, factors such as technology, labor, and materials remain relatively stable, allowing firms to expand or contract their production without significant changes in per unit production costs.

A Constant­cost Industry Is One That Can Expand and Contract

A Constantcost Industry Is One That Can Expand and Contract