Business, 21.02.2020 03:49, Cecely119

Assume a constant-cost industry in a competitive market. What are the long-term effects of the following change?An increase in fixed costs will the equilibrium price and equilibrium quantity in the market.
a) Not change; not change
b) Increase; decrease
c) Decrease; increase
d) Not change; increase

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Assume a constant-cost industry in a competitive market. What are the long-term effects of the follo...