Economics price taking model一問
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- 地獄黑仔王Lv 59 years agoFavorite Answer
1. Not equal.
'.'left hand side is single firm, right hand side is market.
2. when S increases, price is at p1 not atc( see the market)
the equilibrium is at the yellow pt(mc1 and p1) not the cross.
Q decreases eventually. 再唔明再問
3. It is 巧合
No such thing as the longrun equilibrium stated that the Q remain unchange. The main thing to focus is on the market, the Q decreases.
U r welcome to judge me!