Author Question: A constant-cost industry is one a. that faces constant average costs in the short run b. that ... (Read 60 times)

Haya94 · **on:** Jun 30, 2018

A constant-cost industry is one
a. that faces constant average costs in the short run
b. that experiences economies of scale
c. that experiences stable demand
d. whose cost curves do not change as new firms enter
e. that faces increasing resource prices as new firms enter

Question 2

Price discrimination will occur whenever a firm faces a downward-sloping demand curve.
a. True
b. False