Examlex
Which of the following produces a surplus to sell on the market?
Decreasing-Cost Industry
An industry in which costs per unit decline as the industry scales up production, often due to economies of scale.
Average Cost
The total cost of production divided by the quantity of the product produced, indicating the cost per unit of output.
Industry's Output
The total production of goods or services generated by all firms operating within a specific industry.
Decreasing-Cost Industry
An industry characterized by a downward-sloping long-run supply curve, indicating lowering costs as industry output increases.
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