What is the impact on the long run adjustment

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The fishing industry is a good example of a perfectly competitive market. The FDA released information that Omega 3's found in fish will reduce your chances of contracting certain types of cancer.

What is the impact on the long run adjustment due to this condition? first, look at the impact of the market and then the single firm. What does it do to economic profits or losses, then what happens in the market

 

Reference no: EM1350320

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