The Reason Why the Long-Run Supply Curve for a Purely

question 5

True/False

The reason why the long-run supply curve for a purely competitive industry may be upward-sloping is because of diminishing marginal returns.

---

Definitions:

Support Sentences

Sentences within a paragraph that provide evidence, examples, or details to back up the main idea or argument.

Transitional Words

Words or phrases used to link different sections of text or speech, helping to create a smooth flow.

Topic Sentence

A sentence that expresses the main idea of the paragraph in which it occurs.

Unifying Phrase

A term or expression used to bring together various ideas or elements to form a cohesive whole.