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Question: Simple Microeconomics question. Please explain inutitively why the answer is 0?

Consider a market for high-speed broadband service in the graph above. The LRAC and MC for a single firm are illustrated with solid lines. The demand for these services is represented by the line q = 40-p. In the Long-Run, what will be the quantity supplied in this market?

a. 30

b. 100

c. 0

d. None of the above

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92583590

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