How the profit motive could lead to lower market prices, Macroeconomics

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How the profit motive could lead to lower market prices

Problem

Suppose that firms in an industry have identical cost structures and the industry is in long-run equilibrium. Explain how the profit motive could lead to lower market prices.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How the profit motive could lead to lower market prices

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Macroeconomics: How the profit motive could lead to lower market prices

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