Question: Please include a model to demonstrate thank you MODEL IS NEEDED please show answer with model as well as the answer thank you! b) Develop

Please include a model to demonstrate thank you MODEL IS NEEDED please show answer with model as well as the answer thank you!

b) Develop a model demonstrating a possible result for one producer in the Short run.

c) What is the long run? Explain and demonstrate.

d) Is there a steady state equilibrium for any one producer?

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