Examlex
Which of the following is not a primary factor contributing to erosion-corrosion?
Increasing-Cost Industry
An increasing-cost industry is one in which costs of production increase as the industry expands, often due to factors like limited resources or higher input prices.
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.
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