Suppose that, in the long run, the price of feature fi lms rises as the movie production

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Suppose that, in the long run, the price of feature fi lms rises as the movie production industry expands. We can conclude that movie production is a (an)

a. increasing-cost industry.

b. constant-cost industry.

c. decreasing-cost industry.

d. marginal-cost industry.

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Economics For Today

ISBN: 9780226734798

7th Edition

Authors: Irvin B. Tucker

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