Economics · Theory of Cost and Production
Under the law of increasing returns (decreasing costs), the long-run industry supply curve is generally:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Perfectly horizontal
- 2Perfectly vertical
- 3Negatively sloped from left to right✓
- 4Positively sloped from left to right
Correct answer
Negatively sloped from left to right
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