In a constant cost industry, many firms can expand or contract without a change in costs.

Name: In a constant cost industry, many firms can expand or contract without a change in costs.
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In a constant cost industry, the cost structure of the industry does not change as the number of firms increases or decreases. This means that firms can expand or contract without an impact on costs, as input prices and technology remain constant.

In a Constant Cost Industry, Many Firms Can Expand or Contract