Imagine you are working in the dvd rental industry and, Microeconomics

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Imagine you are working in the dvd rental industry and

Imagine you are working in the DVD rental industry and there is a permanent decline in demand DVD rentals. Do you think the price of renting DVDs rise, fall or stay about the same in the long run, ceteris paribus (assume a perfectly competitive market)? Explain.

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Microeconomics: Imagine you are working in the dvd rental industry and

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