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Lighting2551 Lighting2551
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5 years ago
An increasing-cost industry will have

• a perfectly inelastic long-run supply curve.

• an upward sloping demand curve in the long run.

• a perfectly elastic long-run supply curve.

• an upward sloping supply curve in the long run.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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MikaelDevostMikaelDevost
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