The long run supply curve for an increasing cost industry is:
a. horizontal.
b. upward sloping.
c. vertical.
d. downward sloping.
b
Economics
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Money solves the dilemma of a double coincidence of wants by serving as a
A) unit of account. B) medium of exchange. C) symbol of value. D) store of value.
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Why would a company continue to operate for many years while never once turning a profit rather than shut down immediately? Using revenue and cost analysis, explain when the company would shut down
What will be an ideal response?
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