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cyandog77Lv1
6 Oct 2020
A decreasing-cost industry is one in which:
A. contraction of the industry will decrease unit costs.
B. input prices fall or technology improves as the industry expands.
C. the long-run supply curve is perfectly elastic.
D. the long-run supply curve is upsloping.
A decreasing-cost industry is one in which:
A. contraction of the industry will decrease unit costs.
B. input prices fall or technology improves as the industry expands.
C. the long-run supply curve is perfectly elastic.
D. the long-run supply curve is upsloping.
Divya SinghLv10
7 Nov 2020
