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Regulations for producers of cannabis in canaland

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Reference no: EM133203187

Consider a country called Canaland in which the cannabis industry is perfectly competitive. Drawing graphs for the industry and the firm, explain what happens to the industry and the firm in the short-run and long-run, if the government introduces tighter regulations for producers of cannabis in Canaland, so that production is harder.

Reference no: EM133203187

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