A Constant-Cost Industry Is an Industry in Which

question 112

Multiple Choice

A constant-cost industry is an industry in which

• A)average costs fall as the industry expands output.
• B)average costs rise as the industry expands output.
• C)average costs remain constant as the industry expands output.
• D)input prices rise at a constant rate as firms in the industry use more inputs.

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Definitions:

Random Matings

A mating system in which all members of a population have an equal opportunity to mate with any other member, contributing to genetic diversity.

Nonrandom Matings

A mating pattern in which individuals do not mate randomly or by chance, but rather select mates based on certain traits or proximity.

Genotype Frequency

Genotype frequency refers to the proportion of different genetic variants (genotypes) present in a population.

Dd Genotype

A term indicating a heterozygous genetic composition where D represents the dominant allele and d the recessive allele.