In an increasing-cost industry,the long-run market supply curve is

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In an increasing-cost industry, the long-run market supply curve is upward sloping. This is because as demand increases, firms in the industry will need to increase their output, which will lead to an increase in the cost of production. As a result, firms will require a higher price to cover their increasing costs of production, leading to an upward-sloping supply curve.

In an Increasing-Cost Industry,the Long-Run Market Supply Curve Is