(Solution) If There Were 30 Firms In This Market, The Short-run Equilibrium Price Of Copper Would Beper Pound. | Snapessays.com


(Solution) If there were 30 firms in this market, the short-run equilibrium price of copper would beper pound.


If there were 30 firms in this market, the short-run equilibrium price of copper would beper pound. At that price, firms in this industry would selector 1shut down operate at a loss earn a positive profit earn zero profit. Therefore, in the long run, firms would selector 2enter exit neither enter nor exitthe copper market.

 


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This question was answered on: May 23, 2022

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