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

question 285

Multiple Choice

An industry with a ________ long-run supply curve is called a constant-cost industry.

• A) horizontal
• B) positive sloping
• C) negative sloping
• D) vertical

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Definitions:

Late Charges

Additional fees charged to a borrower for failing to make payments on time.

Time Of Essence

A contractual clause declaring that specific timelines and deadlines are crucial to the contract, with any delay constituting a breach.

Election Day

A designated day on which voters cast ballots to elect public officials or to decide on other political or legal questions.

Delivery

The process of transferring an item from the seller to the buyer, or the act of fulfilling a contractual obligation or transferring ownership.