Do you expect firms to enter the running shoes market or exit from that market in the
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Do you expect firms to enter the running shoes market or exit from that market in the long run? Explain your answer.
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FIGURE 1 Price and cost (dollars per pair) 150 125 100 75 50 25 0 100 MC ATC D MR 200 300 400 Quantity (pairs per week)
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Based on the graph you provided I expect firms to enter the running shoes market in the long run Thi...View the full answer
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