Prevailing market cost is 15. illustrate what will happen, Ask an Expert

Economics

Q. A perfectly competitive industry in a constant-cost industry produces 3,000 units of a good at a total cost of $36,000. Prevailing market cost is $15. Illustrate what will happen to number of industries in industry and to industry's output in long run?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9293289

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