Use the Figure to Answer the Following Question(s)

question 28

Multiple Choice

Use the figure to answer the following question(s) .
Figure 10-4
-If the cost and demand conditions of this competitive price-searcher firm depicted in Figure 10-4 are representative of the market, what will happen in the future?

• A) Some firms will go out of business, and the market price will rise.
• B) The current market price will tend to persist into the future.
• C) New firms will enter the market, and the market price will decline.
• D) The firms in this industry will probably collude in order to increase their profitability.

---

Definitions:

Spelling

The process or activity of writing or naming the letters of a word in the correct order.

Describing

The act of giving a detailed account or explanation about something or someone using words.

Spelling

The act of correctly sequencing the letters to form a word through writing or naming.

Spelling

The arrangement of letters in the correct order to form words, as per the rules of a language.