Entry, Exit, and Supply Curves: Constant Costs
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Some industries have a flat
Some industries have a flat supply curve. These are called constant cost industries. Take domain name registration: to increase the supply of domain names, we must only increase the inputs by a negligible amount. That is why even as the Internet expands so rapidly, it still costs only about six or seven dollars to register a new domain name. By showing you how these industries respond to an increase in demand, we can explain why they are constant cost industries.
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Next video: http://bit.ly/1T7kxAn
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http://amara.org/v/GSLF/
9 سال پیش
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