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Map of Nepal and Nepal Political Map
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Map Of Nepal for In the long run, firms earn zero profit, so price equals the minimum of average total cost. This defines the condition for market EQUILIBRIUM (Case a). If demand increases, market equilibrium shifts from point A to point B, which leads both to a higher price and a larger quantity produced (Case b). In this short-run equilibrium, price now exceeds average total cost, and firms make a profit. Over time, this profit encourages market entry, and the short-run supply curve shifts to the right, causing price to fall back to the level where it equals average total cost and profits are zero (Case c). Thus, the market reaches a new long-run equilibrium (point C), at a higher level of total output (Q3). Macroeconomic analysis. Map Of Nepal 2016.