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Imaduddin Educare | short run equilibrium of the firm under perfect competition: Business Economics 2021
![Suppose the economy is in a long-run equilibrium initially. a. Draw and attach a diagram to illustrate the state of the economy at the initial long-run equilibrium. Be sure to show aggregate Suppose the economy is in a long-run equilibrium initially. a. Draw and attach a diagram to illustrate the state of the economy at the initial long-run equilibrium. Be sure to show aggregate](https://homework.study.com/cimages/multimages/16/ans_35298900730019331894.jpg)
Suppose the economy is in a long-run equilibrium initially. a. Draw and attach a diagram to illustrate the state of the economy at the initial long-run equilibrium. Be sure to show aggregate
![a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a](https://homework.study.com/cimages/multimages/16/capture2338726977227524969.jpg)
a. a short-run equilibrium but not a long-run equilibrium. b. a short-run equilibrium and long-run equilibrium. c. a long-run equilibrium but not a short-run equilibrium. d. neither a short-run equilibrium nor a
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