A Constant Cost Industry Is More Likely to Arise in a Market

question 188

Multiple Choice

A constant cost industry is more likely to arise in a market where

• A) the industry takes only a small portion of the resources available.
• B) the industry takes only a large portion of the resources available.
• C) inputs have very different levels of quality.
• D) firms have large fixed costs and small marginal costs.

---

Definitions:

Leader-member Exchanges

A theory focusing on the two-way (dyadic) relationship between leaders and followers, emphasizing the mutual benefits derived from a high-quality relationship.

Skill Development

The process of identifying, learning, and refining skills necessary for a particular job or activity.

Boring Job

A type of employment that the worker finds unstimulating, mundane, or lacking in interest, often leading to dissatisfaction and decreased productivity.

Challenging Task Characteristic

A feature of a task that requires significant effort, skill, or innovation, making it difficult but potentially rewarding to accomplish.