If walter's costs are typical in the industry, we would expect that in the long run:

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asked Nov 11, 2018 53.7k views

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Barbie · Answer 1 · 2018-11-15T02:20:12+0000

If Walter's costs are typical in the industry, we would expect that in the long run: there will be new firms that would enter the market for watches and the cost would fall, and every individual firm in the market would deliver less watches.

If walter's costs are typical in the industry, we would expect that in the long run:

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