Graphically illustrate a perfectly competitive firm incurring a loss in the short run. Explain what is meant by "shut-down determination" in the short run. | Homework.Study.com
Perfect Competition: Definition, Graphs, short run, long run - EconTips
9.3 Perfect Competition in the Long Run – Principles of Economics
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Suppose a perfectly competitive industry is in long-run equilibrium. If demand increases, what are the short-run and long-run effects on the firm and the industry? | Homework.Study.com