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Based on the graphs below, evaluate the following statement and explain why it is correct or not: More firms will enter this market in the

Based on the graphs below, evaluate the following statement and explain why it is correct or not: "More firms will enter this market in the long run."

image text in transcribedimage text in transcribed
Short-run market supply MC Cost revenue ATC Price per suit m Marginal $7 revenue = price Market demand 0 600 0 6 Shirts per minute Shirts per minute

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