If the prices of inputs do not increase as an industry grows,the industry is a(n)

Name: If the prices of inputs do not increase as an industry grows,the industry is a(n)
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Question

Quizplus · Accepted Answer

In a constant-cost industry, the prices of the inputs used in production do not change as the industry expands. This implies that the industry can expand without any increase in production costs. Therefore, the industry is able to maintain its level of efficiency and productivity as it grows.

If the Prices of Inputs Do Not Increase as an Industry