Question: Question 2 2.5 / 5 pts In an increasing cost industry, if there is an increase in demand, the price in the long run will

Question 2 2.5 / 5 pts In an increasing cost industry,

Question 2 2.5 / 5 pts In an increasing cost industry, if there is an increase in demand, the price in the long run will end up being higher than the original price, because the cost curves tend to shift to the right as firms enter the industry. Answer 1: higher than Answer 2: to the right

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