Use the following to answer question: 
-(Figure: Game-Day Shirts) Use Figure: Game-Day Shirts.Rick is one of 10 vendors who sell game-day T-shirts at football games in a perfectly competitive market.His costs are identical to the costs of the other 9 vendors.When the industry is in long-run equilibrium,the price of each shirt will be _____,and the total quantity supplied in the market will be _____.
Definitions:
Posterior Probability
The probability of assigning events or hypotheses after taking into consideration relevant evidence or background information.
Nominal Data
Represents data that can be categorized but not ranked or ordered numerically.
Interval Data
A type of numerical data that has meaningful differences between values and a true zero point.
Ordinal Data
Describes a type of data which is categorized into ordered but not necessarily equally spaced categories.
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