The market for hairbrushes is perfectly competititve

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The market for hairbrushes is perfectly competititve. Suppose that the new fashions for hair are "the buzz cut" (no hair) and "the wild and free look" (long and uncombed). Tell the story of how the market and a typical firm respond in the short run and long run to these developments. USE THE MARKET FIRM MODEL and a few sentences to do your analysis.

Reference no: EM131009820

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The market for hairbrushes is perfectly competititve : The market for hairbrushes is perfectly competititve. Suppose that the new fashions for hair are "the buzz cut" (no hair) and "the wild and free look" (long and uncombed). Tell the story of how the market and a typical firm respond in the short run a..

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