Steak is a branded product in City A, with each of the many diners producing a slightly different product. Much to the pleasure of the dinner owners, the fixed cost of making all types of steak decreased because the opportunity cost of making steak declined. Using a graph to illustrate your answer, tell the story of the steak market and the decrease in fixed costs, beginning and ending in a long run equilibrium.

Please give me the correct answer with explanation And conclusion as well.