An Industry with an Upward-Sloping Long-Run Supply Curve Experiences

question 74

Multiple Choice

An industry with an upward-sloping long-run supply curve experiences

• A)external diseconomies of scale.
• B)the law of increasing costs.
• C)diminishing returns.
• D)a loss of efficiency.
• E)external economies of scale.

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Definitions:

Total Assets

The sum of all current and non-current assets owned by an individual or a business entity.