The long-run industry supply curve ________ in an increasing-cost industry.
A) slopes up
B) slopes down
C) is vertical
D) is horizontal

Name: The long-run industry supply curve ________ in an increasing-cost industry. A) slopes up B) slopes down C) is vertical D) is horizontal
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Question

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In an increasing-cost industry, the long-run industry supply curve slopes upward because as output increases, the prices of inputs rise, leading to higher production costs and prices.

The Long-Run Industry Supply Curve ________ in an Increasing-Cost Industry