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In the market for running shoes , all the firms face a similar demand curve and have similar cost curves to those of Smart in

In the market for running shoes , all the firms face a similar demand curve and have similar cost curves to those of Smart in problem 2 .

a) Does smart shoes have excess capacity in the long run?

b) why if they have excess capacity in long run, doesn't the firm decrease it's capacity?

c) what is relationship between smart shoes price and marginal cost?

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