In the long run, a constant cost industry

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    expands in response to an increase in demand despite rising input costs, and so the long run supply curve is horizontal.
     has an upward sloping supply curve as the quantity supplied increases with increases in demand.
     can expand in response to an increase in demand without input costs changing, and so the long run supply curve is horizontal.
     does not expand in response to an increase in demand and so the long run supply curve is horizontal.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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can expand in response to an increase in demand without input costs changing, and so the long run supply curve is horizontal.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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