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In 2019, Sears closed 275 of its stores. Demonstrate graphically the relationship between ATC, AVC, and price faced by Sears stores when they decided to

In 2019, Sears closed 275 of its stores.

Demonstrate graphically the relationship between ATC, AVC, and price faced by Sears stores when they decided to close. Assuming the market is perfectly competitive and is a constant-cost industry, what will happen in this market in the long run? Demonstrate graphically with market supply and demand curves.

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