The Long-Run Supply Curve Is

question 5

Multiple Choice

The long-run supply curve is

• A) a horizontal line for a constant-cost industry.
• B) upward sloping for a decreasing-cost industry.
• C) downward sloping for an increasing-cost industry.
• D) all of the above.

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Definitions:

Perimeter

The total length of the sides of a geometric figure, such as a triangle, square, or rectangle.

Rectangle

A quadrilateral with four right angles, often used in geometry and graphical applications.

Looping Mechanism

A programming construct that repeats a block of code multiple times based on a specified condition.

For Each

A loop construct used to iterate over elements in a collection or array, typically without needing to use indices.