Explain what occurs in the long run in a constantcost industry, an increasing-cost industry, and a decreasing-cost
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Explain what occurs in the long run in a constantcost industry, an increasing-cost industry, and a decreasing-cost industry when the market demand declines (shifts in).
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In the long run the effects of a decline in market demand vary depending on the type of industry structure constantcost increasingcost or decreasingco...View the full answer
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