Refer To The Diagrams With The Industry Structures Represented By Diagram

Refer to the diagrams. The price will be and the quantity will be with the industry structure represented by diagram b compared to the one represented in a.

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B there will be allocative efficiency.

Refer to the diagrams with the industry structures represented by diagram. A economic profit can persist in the long run. Refer to the above diagrams. B a price exceeds marginal cost resulting in allocative inefficiency.

C b price equals marginal cost resulting in allocative efficiency. Refer to the above diagrams. Refer to the diagrams.

With the industry structure represented by diagram. Refer to the diagrams. With the industry structures represented by diagram.

B output will be less than in diagram a. The price will be and the quantity will be with the industry structure represented by diagram b compared to the one represented in a. Refer to the diagrams.

A a there will be only a normal profit in the long run while in b an economic profit can persist. The price will be and the quantity will be with the industry structure represented by diagram b compared to the one represented in a. The price will be and the quantity will be with the industry structure represented by diagram b compared to the one represented in a.

Refer to the diagrams. With the industry structure represented by diagram. Refer to the above diagrams.

A single price pure monopoly is economically. With the industry structures represented by diagram. The price will be and the quantity will be with the industry structure represented by diagram b compared to the one represented in a.

A there will be only a normal profit in the long run while in b an economic profit can persist. B output will be the same as in diagram a.

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