You are a manager in a perfectly competitive market.The price in your market is $14.Your total cost curve is C(Q) = 10 + 4Q + 0.5 Q2.What will happen in the long-run if there is no change in the demand curve?
A) Some firms will leave the market eventually.
B) Some firms will enter the market eventually.
C) There will be neither entry nor leave.
D) None of the statements associated with this question are correct.
Correct Answer:
Verified
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