=+2. Assume that the egg industry is perfectly competitive and is in long-run equilibrium with a perfectly
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=+2. Assume that the egg industry is perfectly competitive and is in long-run equilibrium with a perfectly elastic long-run industry supply curve. Health concerns about cholesterol then lead to a decrease in demand. Construct a figure similar to Figure 12-7, showing the short-run behavior of the industry and how long-run equilibrium is reestablished.
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