Industry output in the long run, Macroeconomics

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Industry output in the long run

A perfectly competitive firm in a constant-cost industry produces 3,000 units of a good at a total cost of $36,000. The prevailing market price is $15. What will happen to the number of firms in the industry and to the industry's output in the long run?

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Macroeconomics: Industry output in the long run

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Macroeconomics: Industry output in the long run

Reference No:- TGS067594

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Determine the cost of goods available for sale

Q : Thesis statement about terry fox

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Industry output in the long run

Reference No:- TGS067594

Recent Questions Asked Macroeconomics

Q : Determine the cost of goods available for sale

Q : Thesis statement about terry fox

Q : Cash outflows for salaries

Q : Explain is the demand elastic or inelastic

Q : Industry output in the long run

Q : Paper literary critique paper

Q : Professional knowledge and abilities paper

Q : Prepare comparative condensed income statements

Q : What kinds of questions does economics address

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