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Unformatted text preview: on the individual behavior of US companies? In short-run equilibrium, what is the change in US aggregate supply? How much of the short-run aggregate supply is provided by Zamen? b. What are the long-run effects of Zamen’s sweater export on equilibrium price, firm output, the number of US firms in the sweater industry and on the final share of the US sweater market that is domestically supplied? c. Zamen was hoping that the US sweater industry exhibited decreasing costs, rather than constant costs. Show why this would have benefited Zamen in the long-run....
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This note was uploaded on 04/26/2010 for the course ECO 420K taught by Professor D during the Spring '10 term at University of Texas.
- Spring '10