(This question refers to the MRU video ‘Entry, Exit, and Supply Curves: Constant Costs’.) If demand increases in a constant-cost industry, then in…
(This question refers to the MRU video ‘Entry, Exit, and Supply Curves: Constant Costs’.) If demand increases in a constant-cost industry, then in the long run there will be: a. the same number of firms each producing a higher quantity. b. more firms each producing a higher quantity. c. the same number of firms each producing the same quantity. d. more firms each producing the […]