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What are the various methods of encouraging unselfish actions? In the context of trying to encourage industries to pollute the environment less,give an example of how you would use each of these methods to develop an antipollution intervention.
Decreasing-Cost Industry
An industry in which expansion through the entry of firms lowers the prices that firms in the industry must pay for resources and therefore decreases their production costs.
Long-Run Supply Curve
A graphical representation showing the relationship between market prices and the amount of output that firms are willing to supply in the long run.
Industry Expansion
The process of an industry growing in size, output, or number of participants, often through increased demand or technological advancements.
Decreasing-Cost Industry
An industry where the average cost of production decreases as the industry grows and output increases, often due to economies of scale.
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