QUESTION 6 Assume the peanut industry, a perfectly competitive industry, is in long-run equilibrium with a market price of $5. If demand for peanuts increases and this industry is a decreasing-cost industry, long-run equilibrium will be reestablished at a price O greater than $5. O less than $5. O equal to $5. O either greater than or less than $5, depending on the number of firms that enter the industry.

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