17. Suppose losses cause industry X to contract and, as a result, the prices of relevant inputs decline. Industry X is: a. a constant-cost industry. b. a decreasing-cost industry. c. an increasing-cost industry. d. encountering X-inefficiency.

17. Suppose losses cause industry X to contract and, as a result, the prices of relevant inputs decline. Industry X is:
a. a constant-cost industry.
b. a decreasing-cost industry.
c. an increasing-cost industry.
d. encountering X-inefficiency.

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