Any Industry That Buys a Large Fraction of the Output

question 75

Multiple Choice

Any industry that buys a large fraction of the output of an increasing cost industry:

• A) could be an increasing cost industry, but not necessarily.
• B) must be an increasing cost industry.
• C) must be a constant cost industry.
• D) must be a decreasing cost industry.

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Definitions:

Lifespan Human Development

The study of how people change and stay the same over the course of their life, from conception to death.

Current Cohort

The group of individuals sharing a common characteristic, typically being observed or studied within a specified time frame.

Generation

A group of individuals born and living at about the same time, regarded collectively.

Lifespan Human Development

The study of how people grow, change, and stay the same throughout their entire life, from conception to death.