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Suppose the equilibrium price in a perfectly competitive industry is $100 and a firm in the industry charges $112.Which of the following will happen?
Lens
A piece of transparent material, typically glass or plastic, that refracts or focuses light rays, used in glasses and cameras.
Vestibule
The area in the inner ear between the semicircular canals and the cochlea.
Semicircular Canals
Structures in the inner ear that help a person maintain balance; each of the three canals is positioned at right angles to the other two.
Cochlea
A spiral-shaped canal in the inner ear that contains the hearing receptors.
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