For a constant-cost industry, the price of resources does not change as industry output expands, resulting in a [...]long-run industry supply curve.
Answer
horizontal
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
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
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.