A constant-cost industry is an industry in which
A) average costs fall as the industry expands output.
B) average costs rise as the industry expands output.
C) average costs remain constant as the industry expands output.
D) input prices rise at a constant rate as firms in the industry use more inputs.
Answer: C
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Indicate whether the statement is true or false
Which of the following statements is NOT true about inflation?
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a. True b. False Indicate whether the statement is true or false
Public saving is the ______.
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