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Short-run and long-run equilibrium
Short-run and long-run equilibrium
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Short-run and long-run equilibrium
Questions
What is the long-run equilibrium market price and quantity in a monopoly?
What are some real-world examples of industries where economies of scale are extensive and equilibrium are met?
How can economies of scale become a natural monopoly?
What is the long-run equilibrium for a monopolistic market?