-Sue's Sea Shells by the Sea Shore is a perfectly competitive firm selling sea shells at the market price of $2 per dozen. Sue's Sea Shells by the Sea Shore has fixed costs of $40 per day and a variable cost schedule in the table above. Based on this information, we can expect the number of firms in the sea shell market to

Question

Quizplus · Accepted Answer

If Sue's Sea Shells is making a profit at the market price of $2 per dozen, other firms will be attracted to the market, leading to an increase in the number of firms.

-Sue's Sea Shells by the Sea Shore Is a Perfectly