MCQOPTIONS
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| 1. |
Long run supply curve of a constant cost industry is |
| A. | Horizontal line at a price that is equal to the long run minimum average cost of production |
| B. | Horizontal line overlapping X axis |
| C. | Vertical line at mid of X axis |
| D. | Vertical line overlapping Y axis |
| Answer» B. Horizontal line overlapping X axis | |