Explore BrainMass

Markets for Plastic Toothpicks: Concerns

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

During the early 1990's the firms in the market for plastic toothpicks were making economic losses due to concerns about plastic toothpicks raised by dentists. Assuming the market for plastic toothpicks most closely resembles that of perfect competition, what impact would this have on the number of firms selling plastic toothpicks, market output, and market price in the long-run? Carefully Explain.

© BrainMass Inc. brainmass.com October 24, 2018, 11:13 pm ad1c9bdddf

Solution Preview

Dear student

In the long run, some of the firms selling plastic toothpicks will start leaving the ...

Solution Summary

This solution deals with the economic repercussions on the plastic toothpick industry due to concerns expressed by dentists about their usage.

See Also This Related BrainMass Solution

Compare and Contrast: How is United States Different from China?

I need help crafting a paper: Compare and contrast on how the United States is different from China.

View Full Posting Details