If Expansion of an Industry's Output Causes a Downward Shift

question 133

Multiple Choice

If expansion of an industry's output causes a downward shift of firms' average total cost curves,

• A)each firm earns a long-run economic profit
• B)all of the following are correct
• C)there will be long-run economic profits
• D)it is a decreasing-cost industry
• E)it is an increasing-cost industry

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Definitions:

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