If cars are normal goods, a fall in income will

Suppose that, in the long run, the price of feature films rises as the movie production industry expands. We can conclude that movie production is a(n):

a. increasing-cost industry. b. constant-cost industry. c. decreasing-cost industry. d. marginal-cost industry.

Asset specificity means lower costs of redeployment and lower risks of opportunism associated with a contract

Indicate whether the statement is true or false