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I am so desperate to know how to figure out if the industry is increasing, decreasing or constant cost industry by using given supply function,
I am so desperate to know how to figure out if the industry is increasing, decreasing or constant cost industry by using given supply function, for example, S(p)= 200p - 3000.
Is it even possible to figure out whether the industry is increasing cost industry or decreasing or constant cost by knowing only the supply function?
Please explain in detail.
Thanks
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