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lavendercicada402Lv1

11 Dec 2019

Why is the long-run supply curve downward sloping in the decreasing-cost industry?

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teacherrecoLv10

24 Aug 2023

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Related textbook solutions

Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

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ISBN: 9781947172388

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Related questions

Which of the following does a decreasing cost industry experience

A. a downward-sloping long-run average cost curve.

B. a downward-sloping market demand curve.

C. a downward-sloping long-run industry supply curve.

D. All of the above

E. None of the above

beigetortoise256

The long-run supply curve for a decreasing-cost industry is downward sloping.

emeraldlizard885

A decreasing-cost industry will have:

a. a downward-sloping supply curve in the long run.
b. an upward-sloping demand curve in the long run.
c. a perfectly elastic long-run supply curve.
d. a perfectly inelastic long-run supply curve.

indigohedgehog515

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