The long-run supply curve for a decreasing-cost industry is:

Name: The long-run supply curve for a decreasing-cost industry is:
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In a decreasing-cost industry, as output increases, the cost of production decreases due to economies of scale. This means that firms are willing and able to produce more at lower costs. Therefore, the long-run supply curve slopes downwards, indicating that a higher quantity will be supplied at lower prices.

The Long-Run Supply Curve for a Decreasing-Cost Industry Is