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My business is an adult arcade and bar. If the market for your good were to suddenly become perfectly competitive. Indicate what happens to the

My business is an adult arcade and bar.

If the market for your good were to suddenly become perfectly competitive.

  1. Indicate what happens to the firm's demand curve.
  2. Describe the perfectly competitive equilibrium price and quantity.
  3. Discuss the prospects for your small business in the long run.

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