If, as a Perfectly Competitive Industry Expands, It Can Supply

question 254

Multiple Choice

If, as a perfectly competitive industry expands, it can supply larger quantities only at a higher long-run equilibrium price, it is

• A)a constant-cost industry.
• B)an increasing-cost industry.
• C)a decreasing-cost industry.
• D)a fixed-cost industry.

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Definitions:

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A structured collection of data and information that supports business decision-making processes in marketing.

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