Figure: Entry Exit 
Refer to the figure. This competitive firm operates in a constant cost industry. The current market price is $15. What is the long-run market price?
Definitions:
Psychological Distance
The perception of an object, idea, or situation as being removed from the immediate sensory experience, affecting cognition and decision-making.
Employability
The set of skills, knowledge, understanding, and personal attributes that make an individual more likely to choose and secure occupations in which they can be satisfied and successful.
Continuously Learn
The process of constantly acquiring new knowledge or skills through study or experience.
Performance-based Rewards
A compensation system where employees are incentivized based on their performance outcomes, such as reaching targets or achieving specific goals.
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