An Increasing-Cost Industry Is So Named Because of the Positive

question 38

Multiple Choice

An increasing-cost industry is so named because of the positive slope of which curve?

• A) Each firm's short-run average cost curve
• B) Each firm's short-run marginal cost curve
• C) Each firm's long-run average cost curve
• D) Each firm's long-run marginal cost curve
• E) The industry's long-run supply curve