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Hi, are these true or false? Can you explain. Suppose the firms in a competitive industry face pandemic safety costs that take the form of

Hi, are these true or false? Can you explain.

Suppose the firms in a competitive industry face pandemic safety costs that take the form of $S per period. In the short run this leads to an increase in market prices in this industry.

Suppose the firms in a competitive industry face pandemic safety costs that take the form of $S per period. In the long run this leads to an increase in market prices in this industry.

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