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A competitive market is in long-run equilibrium. if demand decreases, we can be certain that price will
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A competitive market is in long-run equilibrium. if demand decreases, we can be certain that price will

User Daveslab
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If demand decreases, we can be sure that cost will fall in a matter of time. All, a few, or no organizations will close down, and some of them will leave the business. Cost will then ascent to achieve the new long-run balance.
User Thomas Tempelmann
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