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An industry that has increasing returns to scale and fixed factor prices will have a long-run supply curve that is
Objective Function
a mathematical function that represents the goal of an optimization problem, typically maximizing or minimizing some quantity.
Projected Number
An anticipated quantity or figure calculated for a future date, based on existing data and predictive analysis.
New Price
The updated or most recent cost at which an item or service is sold in the market.
Standard Suite
A collection of benchmarks, protocols, or specifications that establish a norm or minimum level of acceptability for products, services, or practices.
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