An increase in fixed cost will, in the long run, alter the industry output of
A)both a monopolist and a competitive industry.
B)only a monopolist.
C)only a competitive industry.
D)neither a monopolist nor a competitive industry.

Question

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The Answer of An increase in fixed cost will, in the long run, alter the industry output of
A)both a monopolist and a competitive industry.
B)only a monopolist.
C)only a competitive industry.
D)neither a monopolist nor a competitive industry.

An Increase in Fixed Cost Will, in the Long Run