McqMate
| Q. |
In the long run, a constant cost industry |
| A. | has an upward sloping supply curve as the quantity supplied increases with increases in demand |
| B. | expands in response to an increase in demand despite rising input costs, and so the long run supply curve is horizontal |
| C. | can expand in response to an increase in demand without input costs changing, and so the long run supply curve is horizontal |
| D. | does not expand in response to an increase in demand and so the long run supply curve is horizontal |
| Answer» C. can expand in response to an increase in demand without input costs changing, and so the long run supply curve is horizontal | |
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