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the rringlim mas et. If there were 30 firms in this market, the shart-run equ tanum price of thodium would be would Therefore, in the

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the rringlim mas et. If there were 30 firms in this market, the shart-run equ tanum price of thodium would be would Therefore, in the long run, firms woyld per pound. At that price, firms in this indistry. Because you know that competitive firms earn economic profit in the long run, you know the long-rum equitrium price must bet per pound. From the graph, you can see that this meers there will be firms aperating in the thodium industry in long-run equilibn wrm. True or False: Assuming implicit costs are positive, nach of the firms operating in this indastry in the ligng run eorns fositive acceunting profit. True Felse

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