A decreasing-cost industry is one in which:

Name: A decreasing-cost industry is one in which:
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In a decreasing-cost industry, input prices fall or technology improves as more firms enter the industry. This leads to a decrease in the cost of production and an increase in output. As a result, the industry experiences economies of scale and firms can produce more efficiently as they grow. This leads to a downward sloping supply curve and lower prices for consumers.

A Decreasing-Cost Industry Is One in Which