The Long-Run Supply Curve for a Perfectly Competitive, Constant-Cost Industry

question 30

Multiple Choice

The long-run supply curve for a perfectly competitive, constant-cost industry

• A)is upward-sloping.
• B)is horizontal.
• C)is downward-sloping.
• D)is found by adding up the marginal cost curves for all firms in the industry.

---

Definitions:

Behaviors

The range of actions and mannerisms exhibited by individuals, organisms, or systems in conjunction with their environment.

Major Types

Depicts categories or principal varieties within a broader classification.

Emotions

Complex psychophysiological experiences that result from the interpretation of personal significance of a particular event or situation.

Researchers

Individuals engaged in systematic investigation and study to establish facts and reach new conclusions, often within academic, scientific, or industrial fields.