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15-08-2020
Business

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Assume all markets are in long-run equilibrium. Market price in a duopoly would be the market price in a monopoly, and the market price in a competitive market.

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Harrisonjob Harrisonjob

16-08-2020

Answer:

Assume all markets are in long-run equilibrium. Market price in a duopoly would be greater than or equal to the market price in a monopoly, and less than or equal to the market price in a competitive market.

Explanation:

That is the logical answer to the question about markets that are in long-run equilibrium.

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