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Suppose now the market is the new equilibrium you identified in part b), how will the entry or exit of firms in the long-run affect
Suppose now the market is the new equilibrium you identified in part b), how will the entry or exit of firms in the long-run affect the market for shirts? In the long run, would we expect to see more or fewer producers? What would be a typical producer's economic profit/loss in the long run
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