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Home Q & A Board Other Fields Homework Help Business Economics
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Chako Chako
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8 years ago
If the firms in a market have constant returns to scale internally while there are external economies of scale for the industry, a firm's long-run supply curve will be ________ and the long-run market supply curve will be ________.
A) downward sloping; downward sloping
B) horizontal; downward sloping
C) downward sloping; horizontal
D) upward sloping; horizontal
E) upward sloping; downward sloping
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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Chako Author
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#2
8 years ago
Correct!
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#3
7 years ago
Happy to help you!
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