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Describe the long-run equilibrium of the competitive firm. Conceptually remove a single assumption of perfect competition and analyze whether and how the process of long-run

Describe the long-run equilibrium of the competitive firm. Conceptually remove a single assumption of perfect competition and analyze whether and how the process of long-run equilibrium would change. For example, if information were very imperfect, would the long-run equilibrium be achieved? If the firms' products were not exactly alike? If there were barriers to the entry of new competitors?

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