Business, 07.12.2019 02:31 vcasela

If input prices for a perfectly competitive industry remain constant as the output of the industry expands in the long run, the industry supply curve will:

a. be perfectly horizontal.
b. have a positive slope.
c. be perfectly vertical.
d. have a negative slope.

Answers: 1

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If input prices for a perfectly competitive industry remain constant as the output of the industry e...