For a constant-cost industry, the price of resources [...]as industry output expands, resulting in a horizontal long-run industry supply curve.
Answer
does not change
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Open it For a constant-cost industry, the price of resources does not change as industry output expands, resulting in a horizontal long-run industry supply curve.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p89
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