(Figure: Unicycle Production Costs) If the current price is $20 in this perfectly competitive industry, we should expect
A) the presence of an economic profit to attract new firms to the industry.
B) the presence of a normal profit to attract new firms to the industry.
C) the presence of an economic loss to persuade some firms to leave the industry.
D) that there will be no change in the number of firms in the industry.
Correct Answer:
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