One reason for increasing costs industries is that as an industry grows, it drives up the prices of inputs.
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Q139: The supply curve for a perfectly competitive
Q140: Q141: An increasing-cost industry is one in which Q142: If there are 100 identical firms in Q143: A firm's short-run supply curve is its Q145: A firm's short-run supply curve shows the Q146: Describe and explain a perfectly competitive firm's Q147: An increasing cost industry is one where Q148: Recall the Application about the supply of Q149: Recall the Application about the production of
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