For any an increasing-cost industry,the long-run supply curve has

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The long-run supply curve of an increasing-cost industry has a positive slope, indicating that as the quantity produced increases, the cost of production also increases. This is because as firms in the industry expand their production, they are likely to encounter higher costs for factors of production like labor and raw materials due to scarcities or increased competition for resources. Thus, firms require a higher price to justify higher production levels, which results in a positively sloped long-run supply curve.

For Any an Increasing-Cost Industry,the Long-Run Supply Curve Has