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Constant-Cost Industry
An industry in which the costs of production do not change as the industry's output changes.
Increasing-Cost Industry
An industry in which the costs of production increase as output expands, often due to factors like resource depletion or higher input prices.
Increasing-Cost Industry
An industry where the costs of production increase as the industry expands, often due to factors like limited resources or increased prices for inputs.
Market Demand
The total demand for a product or service within a particular market, summed from all individual demands.
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