The Demand for Corn Has Increased Over the Past Few

The demand for corn has increased over the past few decades to satisfy the increasing demand from the food and ethanol industries.The primary beneficiaries of an expansion in the output of corn are owners of farmland suitable for corn production.What can you conclude about the nature of the corn industry?

A) The corn industry is not competitive.
B) The corn industry is an increasing-cost industry.
C) The long-run corn supply curve is horizontal.
D) There are barriers to entry in the corn industry.

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