What is the long-run equilibrium price in the shoe market

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Reference no: EM13218481

a) How many pairs of shoes will Zapateria produce if the market price of shoes is $70 a pair?

b) What is the total profit Zapateria will earn if the market price of shoes is &70 a pair?

c) Should Zapateria expect more shoe stores to enter this market? Why or why not?

d) What is the long-run equilibrium price in the shoe market assuming it is a constant-cost industry?

Reference no: EM13218481

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