In a competitive market characterized by increasing costs,the long-run industry supply curve

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In a competitive market with increasing costs, the long-run industry supply curve is upward sloping because as industry output increases, the costs of production for firms also increase. This reflects both the minimum long-run average cost and the long-run marginal cost of production at various levels of industry output, as firms face higher costs for inputs as they expand production.

In a Competitive Market Characterized by Increasing Costs,the Long-Run Industry