phillip6731 phillip6731
  • 24-05-2023
  • Business
contestada

The gold mining industry is perfectly competitive industry and in long run equilibrium.
a) Use a graph to illustrate i) industry price and output; ii) the demand curve facing a typical firm in the industry; iii) the output of a typical firm; iv) profits of a typical firm. (5p)
Please let it be clear.

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