A constant cost industry has an infinitely elastic long-run supply curve.

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Author Question: A constant cost industry has an infinitely elastic long-run supply curve. (Read 67 times)

mspears3

Hero Member
Posts: 586

on: Jul 20, 2019

A constant cost industry has an infinitely elastic long-run supply curve.
◦ true
◦ false

Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8^th Edition

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SomethingSomething

Sr. Member
Posts: 323

Reply #1 on: Jul 20, 2019

true

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mspears3

Hero Member
Posts: 586

Reply #2 on: Jul 20, 2019

Thank you!

SomethingSomething

Sr. Member
Posts: 323

Reply #3 on: Jul 20, 2019

Always glad to help...

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