An Industry in Which an Increase in Industry Output Is

question 355

Multiple Choice

An industry in which an increase in industry output is accompanied by an increase in long-run per-unit costs is a(n)

• A) increasing-cost industry.
• B) constant-cost industry.
• C) break-even cost industry.
• D) decreasing-cost industry.

---

Definitions:

Take Marketing Actions

Refers to implementing specific strategies and tactics aimed at promoting, selling, and distributing a product or service to target consumers.

Develop Findings

The act of analyzing data or research to extract meaningful insights, conclusions, or results that can inform decisions or strategies.

Collect Relevant Information

Involves gathering appropriate and necessary data to make informed decisions.

Develop the Research Plan

The process of outlining strategies for gathering necessary information to make informed business decisions, including selecting methodologies, tools, and data sources.