Explore a novel perspective on microeconomics with this essential text on long-run industry equilibrium. It systematically develops a zero-net-profit comparative statics theory, challenging conventional views on firm behavior and economic shocks. Bridging marginalist and Sraffian economics, this book offers a unified framework to understand how industries reach new equilibria, questioning assumptions about input demand and output supply. Crucial for academic researchers and graduate students in economics seeking deeper insights into industrial dynamics and economic theory in India.