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If, as a perfectly competitive industry expands, it can supplylarger quantities only at a higher long-run equilibrium price, itis a fixed-cost industry. an increasing-cost industry.

If, as a perfectly competitive industry expands, it can supplylarger quantities only at a higher long-run equilibrium price, itis  

a fixed-cost industry.

an increasing-cost industry.

a constant-cost industry.

a decreasing-cost industry.

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