Asked by
Hailey Martinez
on Oct 08, 2024
Verified
The long-run supply curve for a decreasing-cost industry is downsloping.
Decreasing-Cost Industry
An industry where the unit cost of production decreases as the industry's output increases, often due to economies of scale.
- Grasp the characteristics of the long-run supply curve in different types of industries.
Verified Answer
CC
Learning Objectives
- Grasp the characteristics of the long-run supply curve in different types of industries.
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