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Title: Suppose a perfectly competitive industry is in long-run equilibrium. If a decrease in demand leads ... Post by: nyounger on Mar 3, 2019 Suppose a perfectly competitive industry is in long-run equilibrium. If a decrease in demand leads to a lower long-run price, we know that
• this is an increasing-cost industry. • after further adjustments, price will rise to its original level. • some firms will be losing money in the long run. • this is a decreasing-cost industry. Title: Suppose a perfectly competitive industry is in long-run equilibrium. If a decrease in demand leads ... Post by: mcwieck on Mar 3, 2019 Content hidden
Title: Suppose a perfectly competitive industry is in long-run equilibrium. If a decrease in demand leads ... Post by: nyounger on Mar 3, 2019 Brilliant
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