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(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:
Select one:
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 same quantity.