Examlex
Match each term with its definition.
-In written contracts,this starts from the date due
Long-Run Supply Curve
A graphical representation showing quantities of goods a firm is willing and able to supply at different prices over a long period, assuming all inputs are variable.
Decreasing-Cost Industry
Industry whose long-run supply curve is downward sloping.
Long-Run Industry Supply Curve
A graphical representation showing the relationship between the price of a good and the total output of the industry over time, accounting for adjustments in all input factors.
Wrongful Act
An action that infringes on the rights of another, giving rise to a legal claim by the affected party.
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