Description of this paper

suppose an increasing-cost industry is in both long-run and short-run equilibrium

Description

solution


Question

suppose an increasing-cost industry is in both long-run and short-run equilibrium. Explain what will happen to the following in the long run if the demand for that product declines;A. Price;B. Quantity;C. Number of firms in the market;D. Profit

 

Paper#22683 | Written in 18-Jul-2015

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