An Industry Experiencing Increasing Returns to Scale and Fixed Factor

question 77

Multiple Choice

An industry experiencing increasing returns to scale and fixed factor prices will have a long-run supply curve that is:

• A) vertical.
• B) horizontal.
• C) upward sloping.
• D) downward sloping.

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A long narrow piece of paper or silk, used in East Asian art for painting and calligraphy, viewed by unrolling horizontally.

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A system where individuals earning below a certain amount receive supplemental pay from the government instead of paying taxes.

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Financial assistance programs provided by governments or institutions to individuals or groups to help supplement their income, typically aimed at the needy or to promote certain economic activities.