How the profit motive could lead to lower market prices

Reference no: EM132178338

Question: Suppose that firms in an industry have identical cost structures and the industry is in long-run equilibrium. Explain how the profit motive could lead to lower market prices. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132178338

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