The Graph Above Represents A(n)

question 34

Multiple Choice

The graph above represents a(n) :

• A) decreasing-cost industry: firms may be paying lower prices for their inputs when the industry expands.
• B) increasing-cost industry: firms may be paying higher prices for their inputs when the industry expands.
• C) competitive,break-even industry: the long-run supply curve is upward sloping as it must be according to the law of supply.
• D) constant-cost industry: prices of the inputs stay the same,and other production costs are constant as the industry expands.

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Definitions:

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Health Spending Accounts

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Benefit Audit

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