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Unformatted text preview: would Luigi offer for sale? Explain thoroughly with graphical as well as numerical solutions. c) What is Luigi's supply curve? Explain and show this graphically. d) What price will cause Luigi to leave the pizza industry? What price will cause other firms with costs identical to Luigi's to enter the industry? e) What is the long-run equilibrium price of pizza? Explain graphically and verbally....
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- Fall '09