A Decreasing-Cost Industry Is One in Which

question 29

Multiple Choice

A decreasing-cost industry is one in which:

• A) input prices fall over time.
• B) technology deteriorates over time.
• C) input prices and technology do not change over time.
• D) firms are in the growth phase of the industry's life cycle.
• E) input prices fall or technology improves as firms enter the industry.

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