Entry, Exit, and Supply Curves: Constant Costs
- Title:
- Entry, Exit, and Supply Curves: Constant Costs
- Description:
-
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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 $6 or $7 dollars to register a new domain name. By showing you how these industries respond to an increase in demand, we can explain why it’s a constant cost industry.
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- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Micro
- Duration:
- 10:29
Shouko Krishima edited Hindi subtitles for Entry, Exit, and Supply Curves: Constant Costs |