Long-run market supply curves are downward sloping if

Name: Long-run market supply curves are downward sloping if
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Question

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Long-run market supply curves are downward sloping if input prices fall as the industry expands. If input prices fall, firms can produce more output at each price level, leading to an increase in the quantity supplied at each price. Firms being identical or the number of firms being restricted in the long run do not necessarily lead to a downward sloping market supply curve.

Long-Run Market Supply Curves Are Downward Sloping If