Figure 9-18 -Refer to Figure 9-18.Given the Current Market Conditions,in the Long

question 187

Multiple Choice

Figure 9-18

-Refer to Figure 9-18.Given the current market conditions,in the long run,

• A)new firms will enter the industry and market price will fall.
• B)firms will exit the industry and market price will rise.
• C)firms will neither enter nor exit because the market is in long-run equilibrium.
• D)firms will maintain their current level of economic profit.

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