Question: Can I please have answer of the attached question Using diagrams for both the industry and a representative firm, illlustrate competitive long-rur equilibrium. Assuming constant

Can I please have answer of the attached question

Using diagrams for both the industry and a representative firm, illlustrate competitive long-rur equilibrium. Assuming constant costs employ these diagrams to s how how (a) an increase and (b) a decrease in market demand will upset that long-run equilibrium. Trace graphically and describe in words the adjustment processes by which long-run equilibrium is restored. (15 marks)

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