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An Increasing-Cost Industry Is So Named Because of the Positive

Question 38

Multiple Choice

An increasing-cost industry is so named because of the positive slope of which curve?


A) Each firm's short-run average cost curve
B) Each firm's short-run marginal cost curve
C) Each firm's long-run average cost curve
D) Each firm's long-run marginal cost curve
E) The industry's long-run supply curve

Correct Answer:

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