Figure 12-11 -Refer to Figure 12-11.If This Is a Constant-Cost Industry, What

question 237

Multiple Choice

Figure 12-11

-Refer to Figure 12-11.If this is a constant-cost industry, what is the market price in the long-run equilibrium?

• A)$5
• B)$14
• C)$15
• D)$20

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