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Topic: Business
Number of pages / Number of words: 3 / 751
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In this situation, the below diagram be the good explaination:

The new technology help firms to produce more goods, so that the supply will increase but not to much, that still be considered as the same supply curve as before, because firms are price-takers (assumption 4). The red dot on the grap represents for the short run equilibrium which has the definition is ''The market price equates the quantity demanded to the total quantity supplied by the given number of firms in the industry, when each firm produces on its short-run supply curve'' (http://lse...


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The red dot on the grap represents for the short run equilibrium which has the definition is ''The market price equates the quantity demanded to the total quantity supplied by the given number of firms in the industry, when each firm produces on its short-run supply curve'' (http://lse.co.uk/financeglossary...


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A Case Study Approach For Understanding Supply Chain Orientation In Indian Pharmaceutical Firms A Study Of International Marketing Strategies That Help Firms To Achieve Competitive Advantage: Japanese Firms Being Successful In India Since 1980 Changes in Supply, Deman and Price Diversified Firms Global Firms Vs Multidomestic Firms Incentives and PE-firms India's growing prosperity opens up a new market for luxury-goods firms Price Makers And Price Takers perfectly competitive market Resources, Competitive Advantage and Internationalisation Strategies of Global Firms Supply, Demand, and Price supply, demand, and price change What are the distinctive features of the perfectly competitive model of the market for goods and services? What are the implications for a business strategy aimed at enhancing profitability? Supply Demand Price Supply, Demand and Price

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