Examlex
The __________ gives managers the tools to help problems find solutions, customers find suppliers, and innovators find markets.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.
Increasing-cost Industry
An industry in which the costs of production increase as the industry expands due to factors like limited resources or higher input prices.
Long-run Supply
The time period in economics during which all factors of production and costs are variable, allowing firms to adjust all inputs in response to market conditions.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.
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