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Define Long-Run Industry Supply Curve

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Define long-run industry supply curve. Draw a graph of a long-run industry supply curve for a decreasing-cost industry. Explain one factor that could lead to an industry being a decreasing-cost industry. Define long-run industry supply curve. Draw a graph of a long-run industry supply curve for a decreasing-cost industry. Explain one factor that could lead to an industry being a decreasing-cost industry.

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The long-run industry supply curve is a ...

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