Multiple Choice

-Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. The current market price is 4 cents per page. With no change in demand and technology, in the long run, the price will
A) fall to 2 cents per page.
B) rise to 5 cents per page.
C) remain unchanged.
D) fall to 1 cent per page.
Correct Answer:
Verified
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