Figure 7-H
-Refer to Table 7-C.If firms can freely enter or exit the industry and face the cost structures specified, what is the likely long-run price of a canister of peanuts?

Question

Figure 7-H 
-Refer to Table 7-C.If firms can freely enter or exit the industry and face the cost structures specified, what is the likely long-run price of a canister of peanuts?

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The Answer of Figure 7-H 
-Refer to Table 7-C.If firms can freely enter or exit the industry and face the cost structures specified, what is the likely long-run price of a canister of peanuts?

Figure 7-H -Refer to Table 7-C.If Firms Can Freely Enter or Exit