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  3. Study Set
    Modern Principles Microeconomics
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    Exam 4: Equilibrium
  5. Question
    In the Long Run, Will the Market Price for a Good/service
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In the Long Run, Will the Market Price for a Good/service

Question 11

Question 11

Essay

In the long run, will the market price for a good/service always equals the equilibrium price? Explain why or why not.

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Yes, due to the invisible hand. If price...

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