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The market for good Q is perfectly competitive. Initially. in the shortrun. the typical firm is enjoying positive economic prot. Using carefully labeled graphs. one

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The market for good Q is perfectly competitive. Initially. in the shortrun. the typical firm is enjoying positive economic prot. Using carefully labeled graphs. one for the market as a whole. and one for an individual rm. show this initial situation. Then show on both graphs what happens after a longer period of time. Briefly explain

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