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Homework answers / question archive / When a firm is in a constant-cost industry, a decrease in demand will result in economic _____ (losses or profits)

When a firm is in a constant-cost industry, a decrease in demand will result in economic _____ (losses or profits)

Accounting

When a firm is in a constant-cost industry, a decrease in demand will result in economic _____ (losses or profits). This will cause _____ (exit from or entry into) the industry, resulting in _____ (an increase or a decrease) in supply over time. This long-run adjustment will eventually cause the price level to _____ (increase, decrease or remain constant) so that it eventually _____ (return to the level it was, occur at a higher level than or occurs at a lower level than) before the demand shift. There will be firms _____ (the same number of, more or fewer) in the industry. The long-run industry supply curve will be _____ (horizontal, downward shifting or upward shifting).

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