Which of the Following Best Describes a Constant Cost Industry

question 112

Multiple Choice

Which of the following best describes a constant cost industry?

• A) The long-run market supply curve will be upward sloping.
• B) Industry expansion will put upward pressure on wages and/or other input prices.
• C) It uses a relatively small share of available resource inputs.
• D) It uses a relatively large share of available resource inputs.

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