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The city of Summerfell initially allows only one Pizzeria to operate. The existing monopolist sells 3,000...

The city of Summerfell initially allows only one Pizzeria to operate. The existing monopolist sells 3,000 pizzas per day, and faces the horizontal portion of the long-run average cost curve at an output of about 1,000 pizzas per day. Suppose the city eliminates the entry restrictions. Predict the equilibrium number of pizzerias. (Beware the too easy to be correct answer).

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