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dexar [7]
3 years ago
7

A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decre

ases. Which of the following are correct descriptions of what happens to the individual firms and the whole market as the market first leaves and then returns to long-run equilibrium?
Business
1 answer:
garri49 [273]3 years ago
5 0

Answer:

  • It will cause Market price to decrease in the short-run.
  • There will be short-run decrease on Individual firms' profit-maximizing output .
  • A good number of Firms will exit the market in the long run.
  • Finally, market quantity will decrease in the long-run.
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The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.

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4 0
3 years ago
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Answer:

$88,920  

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3 years ago
Why do you think different college majors pay for themselves at different rates?
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3 years ago
Smith Jones Inc.'s stockholders are mostly individual investors, and there is relatively little institutional ownership. If seve
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Answer:

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6 0
3 years ago
7. The management accountant for Giada's Book Store has prepared the following income statement for the most current year: Cookb
vekshin1

Answer:

The correct answer is B.

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Giving the following information:

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8 0
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