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Regulation of enzyme activity occurs
Increasing Cost Industry
An industry in which production costs increase as output expands, typically due to factors such as input limitations and increased demand for inputs.
Long-Run Supply Curve
A curve showing the relationship between price and quantity supplied that takes into account all possible adjustments in inputs and outputs.
Constant-cost Industry
An industry where the costs of production do not change as the total output in the industry changes.
Long-run Supply
Long-run Supply refers to the quantity of a good that producers are willing and able to supply onto the market at different price levels when all production inputs can be varied.
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