If the costs of production do not change as output increases in the long run in a perfectly competitive industry, then this is a
A) constant-return-to-scale industry.
B) constant-competitive industry.
C) constant-cost industry.
D) constant-price industry.
C
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What will be an ideal response?
If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price?
A) 14 B) 42 C) 12.67 D) 38
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A. do not fully understand the environmental benefits of lower emissions. B. are better off "free-riding" on others' attempts to reduce emissions. C. would have to sacrifice fuel efficiency and automotive performance. D. cannot afford the extra expense of "green" technology.