Figure: Entry Exit Refer to the figure. This competitive firm operates in a constant cost industry. The current market price is $15. What is the long-run market price?
A) $6.15
B) $12
C) $15
D) $20

Question

Figure: Entry Exit  Refer to the figure. This competitive firm operates in a constant cost industry. The current market price is $15. What is the long-run market price?
A) $6.15 
B) $12 
C) $15 
D) $20

Quizplus · Accepted Answer

The Answer of Figure: Entry Exit  Refer to the figure. This competitive firm operates in a constant cost industry. The current market price is $15. What is the long-run market price?
A) $6.15 
B) $12 
C) $15 
D) $20

Figure: Entry Exit Refer to the Figure