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What Condition Is Necessary in a Constant Cost Industry

Question 74

Multiple Choice

What condition is necessary in a constant cost industry?


A) Prices of the industry's inputs do not change as the industry expands.
B) Prices of the industry's inputs decline as the industry expands.
C) Prices of the industry's inputs rise as the industry expands.
D) There are barriers that prevent new firms from entering such an industry.

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