An industry with a ________ long-run supply curve is called a constant-cost industry.
A) horizontal
B) positive sloping
C) negative sloping
D) vertical

Name: An industry with a ________ long-run supply curve is called a constant-cost industry. A) horizontal B) positive sloping C) negative sloping D) vertical
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Question

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A constant-cost industry is characterized by a horizontal long-run supply curve, indicating that the per-unit cost of production remains constant as the total output of the industry changes.

An Industry with a ________ Long-Run Supply Curve Is Called