Solved

If an Industry Is a Constant-Cost Industry,_____

Question 160

Multiple Choice

If an industry is a constant-cost industry,_____


A) the prices of its inputs increase even when output remains constant.
B) it uses the same amount of inputs even at higher levels of output.
C) the prices of its inputs rise at a constant rate as it uses more inputs.
D) the prices of its inputs remain the same as the number of firms increases.
E) firms in the industry experience economies of scale throughout their scales of operation.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents