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A distribution that is symmetrical,has as its middle score the score with the highest frequency,and has decreasing frequencies as scores are further from the middle score is called a(n) _____ distribution.
Decreasing-cost Industry
An industry in which production costs fall as the industry expands, often due to economies of scale or technological improvements.
Long-run Equilibrium Prices
The price at which the quantity supplied equals the quantity demanded, stabilized over a longer period, factoring in all market adjustments and resource mobility.
Demand Leads
A situation where increases in demand for goods and services drive economic growth and expansion.
Decreasing-cost Industry
An industry in which the average cost of production decreases as the total volume of production in the industry increases.
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