An industry in which an increase in output leads to a reduction in long-run per-unit costs is a(n)

Question

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In a decreasing-cost industry, an increase in output leads to a reduction in long-run per-unit costs due to economies of scale that occur when businesses can produce more efficiently with larger production volumes. As the industry expands, input prices may drop, and technological advancements may lead to cost reductions, making it easier for businesses to produce goods and services at a lower cost.

An Industry in Which an Increase in Output Leads to a Reduction