Respuesta :
An industry is considered to have constant costs if the entry or exit of firms has no impact on resource prices.
A constant-cost industry: what is it?
An industry is considered to have constant costs if input costs do not alter in response to variations in industrial output. One explanation is that just a small percentage of the total demand for input resources is met by the industry. Constant costs also exist when a rise in demand has no impact on the price of manufacturing.
In this sector, supply growth keeps pace with early demand growth. As a result, over time, prices eventually return to their initial levels. Because each company's cost curve is unaffected by changes in industrial output, the long-run supply curve is horizontal (perfect elastic).
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