In a Constant Cost Industry

question 78

Multiple Choice

In a constant cost industry,

• A) a natural monopoly is likely to occur.
• B) total cost is the same, no matter how much a firm produces.
• C) the long-run supply curve will be perfectly elastic.
• D) entry of new firms in the industry will lead to a reduction in the cost of inputs.

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Definitions:

Polymer Waste

Refers to unwanted materials resulting from the manufacture and disposal of polymer-based products, which pose environmental challenges due to their non-biodegradable nature.

Landfills

Sites for the disposal of waste materials by burial, the oldest and most common form of waste treatment.

Power Plants

Facilities where various forms of energy (nuclear, fossil, renewable) are converted into electricity.

Landfill

A designated area for the disposal of waste materials by burial.