If an Industry's Long-Run Per-Unit Costs Decrease as Its Output

question 304

Multiple Choice

If an industry's long-run per-unit costs decrease as its output increases then

• A) the firm's long-run economic profits must be less than zero.
• B) the firm is most likely a decreasing-cost industry.
• C) the firm is most likely an increasing-cost industry.
• D) the firm is most likely a constant-cost industry.

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