Which of the following products is the most likely to have constant costs in the long run?
A) ice
B) wine grapes
C) housing
D) copper
Correct Answer:
Verified
Q201: A constant cost industry is more likely
Q202: What characterizes a constant cost industry and
Q203: Recall the Application about the demand and
Q204: In a perfectly competitive market, what would
Q205: In a constant cost industry, an increase
Q207: An increase in price causes exit from
Q208: In a constant cost industry, inputs prices
Q209: Recall the Application about the demand and
Q210: A constant cost industry has an infinitely
Q211: A constant cost industry is one in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents