1) Show the initial market equilibrium price and quantity in a graph for the market of your product and the profit-maximizing quantity in a graph for costs and revenue of your company in an initial long run equilibrium. Create a scenario that will shift the market demand to the right for your product. Show the change in the market demand, market price, and market quantity in a graph for the market of your product and a profit-maximizing quantity in a graph for your company in the short run. 2) Show the change in market supply, the market quantity, and the market price in the long run in a graph for the market of your product and show the change in costs and quantity in a graph for your company, assuming that this industry is an increasing cost industry. Show the long run market supply curve in a graph for the market of your product.
Perfectly Competitive Market
Comapny: AMazon
1) Show the initial
2) Show the change in market supply, the market quantity, and the market price in the long run in a graph for the market of your product and show the change in costs and quantity in a graph for your company, assuming that this industry is an increasing cost industry. Show the long run market supply curve in a graph for the market of your product.
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