The long-run supply curve in a constant-cost industry would be:

Name: The long-run supply curve in a constant-cost industry would be:
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Question

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In a constant-cost industry, the cost of production does not change as output increases or decreases. Therefore, firms can enter or exit the market without affecting the cost of production for the remaining firms. This means that the long-run supply curve will be horizontal, indicating that firms can increase or decrease production without affecting the market price.

The Long-Run Supply Curve in a Constant-Cost Industry Would Be