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QUESTION
1.With the help of diagrams explain and determine the equilibrium output economic profit and price in both short-run and long-run for a firm in a
1.With the help of diagrams explain and determine the equilibrium output economic profit and price in both short-run and long-run for a firm in a pure competition market structure. Graphically explain under what condition a firm will shut down its plant？
With the help of diagrams explain and determine the equilibrium output economic profit and price inboth short-run and long-run for a firm in a pure competition market structure. Graphically...