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6 October, 11:05

Delta Technologies, Inc., operates in a perfectly competitive market and has experienced economies of scale because of advanced technologies that have allowed it to make production more efficient. Delta Technologies, Inc., is in which type of industry

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  1. 6 October, 14:28
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    Answer: Decreasing cost industry

    Explanation:

    A decreasing-cost industry is an industry where the costs decrease as there is expansion in the industry. In this situation, the industry's long run supply curve will slope downward because as there is more production of output, minimum average cost of production for every firm decreases with the decrease in costs.

    A decreasing cost industry is characterized by the lower costs and prices due to economies of scale and technological advancement.
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