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Shortrun supply and longrun equilibrium. Consider the competitive market for copper. Assume that, regardless of how many firms are in the industry, every firm in ...
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Jul 31, 2015· LONDON, July 30 (Reuters) When the going gets tough, there's always the cost curve. An industry's cost curve should determine where falling prices ...
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Jul 31, 2015· An industry's cost curve should determine where falling prices trigger a supply response as highercost producers start shuttering capacity.
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