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Assume that a competitive constant-cost industry is in long-run equilibrium when market demand suddenly decreases. What happens next?

Assume that a competitive constant-cost industry is in long-run equilibrium when market demand
suddenly decreases. What happens next?
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8098245 - Economics.doc

Assume that a competitive constant-cost industry is in long-run equilibrium when
market demand suddenly decreases. What happens next?
A constant cost industry means that the long run supply curve...

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