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

Name: In an increasing cost industry,the long-run supply curve is
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In an increasing cost industry, as the industry produces more output, the production costs increase due to the rising input prices. As a result, firms will require a higher price to cover their costs, leading to a higher quantity supplied at higher prices. Hence, the long-run supply curve is positively sloped.

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