Which of the Following Is True

question 47

Multiple Choice

Which of the following is true?

• A)The long run supply curve for a competitive increasing-cost industry will be upward sloping.
• B)The long run supply curve for a competitive increasing-cost industry will be less elastic than the industry's short run supply curve.
• C)The long run supply curve for a competitive increasing-cost industry will be vertical.
• D)The long run supply curve for a competitive increasing-cost industry will be downward sloping.
• E)The long run supply curve for a competitive increasing-cost industry will be parabolic in shape.

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