External Diseconomies of Scale Cause an Industry's Long-Run Supply Curve

question 9

True/False

External diseconomies of scale cause an industry's long-run supply curve to slope upward.

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Definitions:

Security Agreement

A legal document that provides security interest in movable assets or personal property by the debtor to the creditor as collateral for a loan.

Automatically Perfected

Refers to a security interest that is deemed perfected without the need for any additional filing or action by the secured party.

Security Interest

A legal claim or right granted over assets as collateral to secure the payment of a debt or performance of some obligation.

Purchase Agreement

A legal document outlining the terms and conditions under which a sale of property will take place.