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Consider a market in perfect competition currently in equilibrium. If the incomes of consumers in this market increased (normal good), then in the Long Run:
Consider a market in perfect competition currently in equilibrium. If the incomes of consumers in this market increased (normal good), then in the Long Run: Group of answer choices existing firms would create a barrier to entry new firms would enter this market consumers would stop buying this good demand would shift to the left the market price would fall below the break even point
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