In a decreasing cost industry, as firms leave the industry, average total cost generally:

Name: In a decreasing cost industry, as firms leave the industry, average total cost generally:
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In a decreasing cost industry, as firms leave the industry, the average total cost generally increases. This is because the industry benefits from economies of scale and network effects, so a reduction in the number of firms can lead to higher costs for the remaining firms.

In a Decreasing Cost Industry, as Firms Leave the Industry