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.

---

Definitions:

Acceptance Signals

Subtle or explicit cues from a prospect or customer indicating a readiness or interest in proceeding with a purchase or agreement.

Business Situation

Business Situation refers to the current state and conditions under which a company operates, including market environment, competition, and internal capabilities.

Common Way

A widely accepted or standard method of doing something, often referred to in the context of procedures, practices, or paths.

KISS Rule

A design principle that stands for "Keep It Simple, Stupid," suggesting that systems or products function best when they are kept simple rather than made complicated.