Refer to the accompanying set of graphs to answer the following questions.
A. 
D. 
B. 
E. 
C. 
-Which graph would result in firms entering a perfectly competitive market in the long run?
Definitions:
Average Cost
The total cost of production divided by the number of goods or services produced, often used to determine profitability.
Maximize Profit
The process or strategy by which a business attempts to achieve the highest possible profit from its operations, often by increasing revenue, reducing costs, or both.
Business Goal
Objectives or desired outcomes that an organization aims to achieve over a specific period through its operations.
Minimize Cost
A strategy or objective aimed at reducing expenses to the lowest possible level while achieving the desired outcome.
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