Examlex
The duration of an expansion is from:
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.
Offense
An illegal act or crime; a breach of a law or rule.
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