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How the market will return to long-run equilibrium

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Reference no: EM132488534

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Using side-by-side graphs, draw a market and firm for a perfectly competitive industry in short-run equilibrium where the firm is earning an economic loss. Show how the market will return to long-run equilibrium. Mark the old and new price and quantity for the firm Qf and Qf1.

Reference no: EM132488534

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