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Short-Run Market Equilibrium Market price Market quantity Consumer surplus Total Producer surplus Welfare Price elasticity of demand in equilibrium Quantity supplied firm 1 Quantity supplied

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Short-Run Market Equilibrium Market price Market quantity Consumer surplus Total Producer surplus Welfare Price elasticity of demand in equilibrium Quantity supplied firm 1 Quantity supplied firm 2 Producer surplus firm 1 Producer surplus firm 2 Profit firm 1 Profit firm 2 Firm's price elasticity of demand in equilibrium b.) Derive the long run equilibrium. Long-Run Market Equilibrium Market price Market quantity Consumer surplus Total Producer surplus Welfare

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