Example of Increasing Cost Indusry and Decreasing Cost Industry?

This is the case for Most Industries
When a New Firm Enters The industry, the resource prices INCREASE know Increases the long run cost curves as well.
The Entire ATC curve shifts upwards
Result: Higher Than The original price equilibrium price, Which is why the Increasing-cost industry at the right graph (second graph) is an upward sloping line
Industry Produces as larger output at a higher product price Because the industry expansion has Increased resource prices and the minimum ATC.
Thus, a higher price is required to induce more production, Because costs per unit of output as production INCREASE rises.This is the case for Most Industries
When a New Firm Enters The industry, the resource prices INCREASE know Increases the long run cost curves as well.
The Entire ATC curve shifts upwards
Result: Higher Than The original price equilibrium price, Which is why the Increasing-cost industry at the right graph (second graph) is an upward sloping line
Industry Produces as larger output at a higher product price Because the industry expansion has Increased resource prices and the minimum ATC.
Thus, a higher price is required to induce more production, Because costs per unit of output INCREASE as production rises.