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cricri2347
cricri2347
10.12.2019 • 
Business

Assume that the market for cage-free eggs is perfectly competitive. all else equal, as more farmers choose to produce and sell cage-free eggs, what is likely to happen to the equilibrium price of the eggs and profits of these farmers in the long run? a.the equilibrium price is likely to increase and profits are likely to remain unchanged.b.the equilibrium price is likely to remain unchanged and profits are likely to increase.c.the equilibrium price is likely to decrease and profits are likely to decrease.d.the equilibrium price is likely to increase and profits are likely to increase.

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