The long-run supply curve would be downsloping in:

Name: The long-run supply curve would be downsloping in:
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

In a decreasing-cost industry, as the industry expands, production costs decrease due to factors such as economies of scale or technological advancements. This results in a downward sloping long-run supply curve, as firms are willing to supply more at lower prices.

The Long-Run Supply Curve Would Be Downsloping In