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    Principles of Microeconomics
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    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    The Long-Run Industry Supply Curve ________ in an Increasing-Cost Industry
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The Long-Run Industry Supply Curve ________ in an Increasing-Cost Industry

Question 111

Question 111

Multiple Choice

The long-run industry supply curve ________ in an increasing-cost industry.


A) slopes up
B) slopes down
C) is vertical
D) is horizontal

Correct Answer:

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