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A Constant-Cost Industry Is One _____

Question 124

Multiple Choice

A constant-cost industry is one _____


A) whose average costs are constant in the short run.
B) that experiences economies of scale throughout its scale of operation.
C) that experiences a stable demand in the long run.
D) whose cost curves do not change as new firms enter the market.
E) that faces increasing resource prices as new firms enter the market.

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