If the long-run supply curve is horizontal, we know that this is
A) a decreasing-cost industry.
B) a constant-cost industry.
C) an increasing-cost industry.
D) a situation in which some input prices change as firms enter and exit the industry.
Correct Answer:
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Q343: In a perfectly competitive industry, any restrictions
Q344: A perfectly elastic long-run supply curve indicates
A)
Q345: Q346: Suppose a perfectly competitive industry is in Q347: An industry in which an increase in Q349: If the long-run supply curve slopes upward, Q350: An industry in which an increase in Q351: If the long-run supply curve slopes downward, Q352: Along a perfectly competitive industry's long-run supply Q353: Which of the following would tell us
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