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Vibranium is a perfectly competitive, constant-cost market. The market starts in long-run equilibrium. Assume both a) an increase in worker productivity in the vibranium industry;
Vibranium is a perfectly competitive, constant-cost market. The market starts in long-run equilibrium. Assume both a) an increase in worker productivity in the vibranium industry; and phone producers switch to vibranium for phone batteries. The equilibrium market price for vibranium in the short run and in the long run
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