In an increasing cost industry, the long run supply is:

Name: In an increasing cost industry, the long run supply is:
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In an increasing cost industry, as the demand for the product increases and firms in the industry produce more output, the cost of production increases. This leads to an upward shift in the firms' marginal costs and thus, an upward shift in the market supply curve. Therefore, the long run supply for an increasing cost industry is upward sloping.

In an Increasing Cost Industry, the Long Run Supply Is