suppose your firm produces olive oil in a perfect, Microeconomics

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suppose your firm produces olive oil in a perfect

Suppose your firm produces olive oil in a perfect competitive market and is currently earning zero economic profits. Suppose there is a surge in demand for olive oil after researchers discover that olive oil consumption reduces heart disease. Analyze the short and long run effects of this increased demand on you firm.

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Microeconomics: suppose your firm produces olive oil in a perfect

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