10. ASC requires that all cashiers receive a cash drawer with exactly $40 before each shift. During each sale, the cashier is prompted to input the type and amount of each payment. The cash register's screen is usually visible to customers, but the cashier on shift likes to face it toward him due to his bad eyesight. He also has a bad memory, which causes him to forget to give customers their receipts at times. ASC is a small store with many regular customers, so they all trust the cashier is giving them the correct change. Identify any problems in the cash receipts controls that ASC may have. a Figure 14-13 Suppose a firm in a competitive industry has the following cost curves: Price 10 MC 9 8+ ATC AVC 7 45 3.5 2 1 2 3 5 6 1 8 Duantity Refer to Figure 14-13. If the price is $6 in the short run, what will happen in the long run? O a. Individual firms will earn negative economic profits in the short run, which will cause some firms to exit the industry. O b. Nothing. The price is consistent with zero economic profits, so there is no incentive for firms to enter or exit the industry. O c. Because the price is below the firm's average variable costs, the firms will shut down. Od. Individual firms will earn positive economic profits in the short run, which will entice other firms to enter the industry