In an increasing-cost industry, an increase in industry demand would lead to ______ in the number of
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In an increasing-cost industry, an increase in industry demand would lead to ______ in the number of firms and ______ in firms’ average cost curves in the long run.
a. No change; no change
b. No change; an upward shift
c. An increase; no change
d. An increase; an upward shift
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