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Increasing, decreasing, and constant cost industries

AP.MICRO: PRD‑3 (EU), PRD‑3.A (LO), PRD‑3.A.8 (EK), PRD‑3.A.9 (EK)


Washi tape is produced in a perfectly competitive market.
If the long-run supply curve for washi tape is upward sloping, which of the following is true?
Choose 1 answer: