Analyze the determination of a new long run equilibrium

Reference no: EM1372773

Suppose that the MBA education industry is constant cost and is in long run equilibrium. Demand raise, but due to strict accreditation standards, new companies are not allowed to enter the market. Analyze the determination of a new long-run equilibrium, showing effects for a representative school as well as for the market as a whole.

Reference no: EM1372773

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