Now consider the long run, in which bike manufacturers are, Ask an Expert

Economics

Now consider the long run, in which bike manufacturers are free to enter and exit the market. Show the possible effect of this free entry and exit by shifting the demand curve for a typical individual producer of bikes on the following graph: Does the demand curve shift right or left?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9688061

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