An Industry with a Horizontal Long-Run Supply Curve Is Called

question 257

Multiple Choice

An industry with a horizontal long-run supply curve is called a(n) ________ industry.

• A) constant-cost
• B) decreasing-cost
• C) increasing-cost
• D) decreasing-profit

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Definitions:

Effective Annual Rate

The real return on an investment, considering the effect of compounding interest over a period, typically one year.

Monthly Return

The investment profit or loss during a one-month period, often used to assess performance.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

VaR (Value At Risk)

A statistical technique used to measure and quantify the level of financial risk within a firm, portfolio, or position over a specific time frame.