What happens to the profit-maximizing output quantity, Macroeconomics

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What happens to the profit-maximizing output quantity

Problem

A market is in long-run equilibrium and firms in this market have identical cost structures. Suppose demand in this market decreases. Describe what happens to the profit-maximizing output quantity for individual firms as the market leaves and then returns to long-run equilibrium.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What happens to the profit-maximizing output quantity

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