The graph above represents a(n):
A. decreasing-cost industry: firms may be paying lower prices for their inputs when the industry expands.
B. increasing-cost industry: firms may be paying higher prices for their inputs when the industry expands.
C. constant-cost industry: prices of the inputs stay the same, and other production costs are constant as the industry expands.
D. competitive, break-even industry: the long-run supply curve is upward sloping as it must be according to the law of supply.
Answer: A
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What will be an ideal response?