Define Constant Cost industry?
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A constant cost industry is an industry where each firm's costs aren't impacted by the entry or exit of new firms. Learn about the difference between the short run market supply curve and the long run market supply curve for perfectly competitive firms in constant cost industries in this video.
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A constant cost industry is an industry where each firm's costs aren't impacted by the entry or exit of new firms. Learn about the difference between the short run market supply curve and the long run market supply curve for perfectly competitive firms in constant cost industries in this video
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