Roger Owns a Small Health Store That Sells Vitamins in a Perfectly

question 589

Multiple Choice

Roger owns a small health store that sells vitamins in a perfectly competitive market. If vitamins sell for $12 per bottle and the average total cost per bottle is $12.50 at the profit-maximizing output level, then in the long run

• A)more firms will enter the market.
• B)some firms will exit from the market.
• C)the equilibrium price per bottle will fall.
• D)average total costs will fall.

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