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A decreasing-cost industry is characterized by: A

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A decreasing-cost industry is characterized by:

A. an upward-sloping long-run supply curve.

B. a downward-sloping long-run supply curve.

C. a perfectly elastic long-run supply curve.

D. perfectly elastic short-run and long-run supply curves.

E. a perfectly elastic short-run supply curve and an upward-sloping long-run supply curve.