In a Constant Cost Industry, Which of the Following Statements

question 10

Multiple Choice

In a constant cost industry, which of the following statements is true?

• A)The long run market supply curve and the long run firm supply curve are both horizontal.
• B)While the long run market supply curve is horizontal, the long run firm supply curve generally is upwards sloping.
• C)The long run market supply curve and the long run firm supply curve are both upwards sloping.
• D)While the long run market supply curve is upwards sloping, the long run firm supply curve is horizontal.