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2 months ago
A constant-cost industry will have

• an upward sloping supply curve in the long run.

• an upward sloping demand curve in the long run.

• a perfectly elastic long-run supply curve.

• a perfectly inelastic long-run supply curve.
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Economics Today: The Micro View
Edition: 19th
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2 months ago
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a perfectly elastic long-run supply curve.
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2 months ago
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