The provided graph represents a(n)
A)decreasing-cost industry: Firms may be paying lower prices for their inputs when the industry expands.
B)increasing-cost industry: Firms may be paying higher prices for their inputs when the industry expands.
C)competitive industry with diseconomies of scale: The short-run supply curves are upward sloping.
D)constant-cost industry: Prices of the inputs stay the same, and other production costs are constant as the industry expands.

Question

The provided graph represents a(n)
A)decreasing-cost industry: Firms may be paying lower prices for their inputs when the industry expands. 
B)increasing-cost industry: Firms may be paying higher prices for their inputs when the industry expands. 
C)competitive industry with diseconomies of scale: The short-run supply curves are upward sloping. 
D)constant-cost industry: Prices of the inputs stay the same, and other production costs are constant as the industry expands.

Quizplus · Accepted Answer

The Answer of  The provided graph represents a(n)
A)decreasing-cost industry: Firms may be paying lower prices for their inputs when the industry expands. 
B)increasing-cost industry: Firms may be paying higher prices for their inputs when the industry expands. 
C)competitive industry with diseconomies of scale: The short-run supply curves are upward sloping. 
D)constant-cost industry: Prices of the inputs stay the same, and other production costs are constant as the industry expands.

The Provided Graph Represents A(n)