6 Suppose A Competitive Market Is In Long Run Equilibrium How Does The Number Of Fir 3446474

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6. Suppose a competitive market is in long-run equilibrium. How does the number of firms change if (i) Each firm’s fixed costs decreases? Explain (ii) Each firm’s marginal cost decreases? Explain (i) Demand decreases: for each price, consumers demand half of the amount as before? Explain

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