Elucidate the supply function for a perfectly competitive, Ask an Expert

Economics

Q. What is the supply function for a perfectly competitive industry with constant returns to scale? Consequently, what will be the equilibrium price and equilibrium profits for this industry?

Q. if demand decreases for a good. what effect will it have on a substitute good in repect to land that grows the good for which demand dropped

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9284092

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