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When lcd televisions first came on the market, they sold for at least $1,000, and some for much more. now many units can be purchased for under $400. these facts imply that:________

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These findings suggest that the LCD television market is a cost decreasing industry.

A cost decreasing industry with declining costs is one in which the price of a good decreases as production rises. A long-run supply curve with a falling slope is the term used to describe the phenomena. This is a result of an industry's expansion, which often leads to an increase in competitors, a decrease in demand, and a decrease in the perceived value of the product. Depending on the nature of the business, a company's decrease due to reduced costs may occur naturally or may be the result of other factors. Competition is one of the most common reasons for cost decreasing industry. When the market for a product expands, competitors will typically step in to meet increased demand.

Learn more about cost decreasing industry:

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