Explain in words what will happen to the output and price of a decreasing-cost industry if there

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Explain in words what will happen to the output and price of a decreasing-cost industry if there is a fall in market demand.

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

Posted Date: Feb 22, 2024 11:56 PM

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Explain in words what will happen to the output and price of a decreasing-cost industry if there

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In a decreasingcost industry when market demand falls the impact on output and price depends on several factorsbut heres the general scenario Output I... View the full answer

Intermediate Microeconomics

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