Use the Figure to Answer the Following Question(s)

question 98

Multiple Choice

Use the figure to answer the following question(s) .
Figure 10-3
-If the cost and demand conditions of this competitive price-searcher firm depicted in Figure 10-3 are representative of the market, what will happen in the future?

• A) 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 probably will collude in order to increase their profitability.

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