In a Constant Cost Industry, the Long Run Market Supply

question 30

True/False

In a constant cost industry, the long run market supply curve and the long run firm supply curve are both upwards sloping.

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Definitions:

Loop Colostomy

A surgical procedure where a loop of the colon is brought out through the abdominal wall to form a stoma for the passage of stool.

Plastic Rod

A lightweight, sturdy rod made from plastic material, often used in construction, crafts, or manufacturing.

Peristalsis

The wave-like muscle contractions that move food through the digestive tract, from the esophagus to the colon.

Haustral Churning

The slow movement of the contents within the large intestine, facilitated by the segmentation movements of the haustra, aiding in water absorption and feces formation.