Question
If an industry's long-run per- unit costs are constant as its output increases then A. the firm is most likely a decreasingcost industry. B. the
If an industry's long-run per- unit costs are constant as its output increases then
A.
the firm is most likely a decreasingcost industry.
B.
the firm's longrun economic profits must be greater than zero.
C.
the firm is most likely a constantcost industry.
D.
the firm is most likely an increasingcost industry.
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Land Economics Research
Authors: Joseph Ackerman, Marion Clawson, Marshall Harris
1st Edition
1317340426, 9781317340423
