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Part b) Let us assume that hand sanitizer sellers in these online market platforms are making a profit in the short-run. Show this situation using
Part b)
Let us assume that hand sanitizer sellers in these online market platforms are making a profit in the short-run. Show this situation using a diagram. Consider the entire global market in this case. Now, explain with the help of another diagram the adjustments that may occur in this market in the long-run. (6 marks)
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