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Which statement is true

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Which statement is true?

A, in an increasing-cost industry, a firm's long-run supply curve is perfectly elastic at the minimum of ATC, and the long-run industry supply curve is upward sloping.

B, in an increasing-cost industry, a firm's long-run supply curve is upward-slopikng, and the long-run industry supply curve is upward sloping.

C,, in an increasing-cost industry, a firm's long-run supply curve is upward-sloping, and the long-run industry supply curve is perfectly elastic at the minimum of ATC

A, in an increasing-cost industry, a firm's long-run supply curve is perfectly elastic at the minimum of ATC, and the long-run industry supply curve can be either perfectly elastic or upward sloing.

Reference no: EM13835173

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