The electricity industry is an example of:

Question

Quizplus · Accepted Answer

The electricity industry is an example of an increasing cost industry, as the cost of producing electricity increases as more production is added due to the increasing demand for electricity. This is because the production of electricity involves the use of finite resources such as coal and oil, which become more expensive as they become scarcer. Additionally, the construction of new power plants and transmission infrastructure can also drive up costs.

The Electricity Industry Is an Example Of