Given the industry description, identify each of the following as an increasing- or constant-cost industry. a. Major

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Given the industry description, identify each of the following as an increasing- or constant-cost industry.
a. Major League Baseball: Uses the majority of pitchers. As the number of pitchers used increased, the quality declines.
b. Fast-food restaurants: Uses a relatively small share of land and unskilled labor in most cities.
c. Trucking industry: Uses a large portion of the trained and experienced drivers, especially long-distance drivers.

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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