An industry whose total output can be increased without a change in long-run per-unit costs is a(n)

Question

Quizplus · Accepted Answer

In a constant-cost industry, the long-run per-unit costs do not change as the industry expands or contracts. This means that the cost of producing each unit of output remains the same, regardless of whether the industry is producing a small or large quantity. Therefore, the industry can increase its total output without experiencing any increase in long-run per-unit costs.

An Industry Whose Total Output Can Be Increased Without a Change