In a decreasing-cost industry, an increase in industry output will

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In a decreasing-cost industry, an increase in industry output will lead to a lower market price. This is because as industry output increases, firms can take advantage of economies of scale and efficiency gains, leading to a decrease in production costs. With lower costs, firms can afford to lower their prices and still make a profit, which will result in a lower market price.

In a Decreasing-Cost Industry, an Increase in Industry Output Will