A ng.cengage.com Home Bb Homework (Ch 14) - 2022SP Prin of Micr... MindTap - Cengage Learning Mail - Jade Olivia Cowan - Outlook CENGAGE | MINDTAP Homework (Ch 14) Supply (10 firms) 80 70 60 Supply (15 firms) PRICE (Dollars per pound 50 A Supply (20 firms) Demand 0 0 250 375 500 625 750 875 1000 1125 1250 QUANTITY (Thousands of pounds) If there were 10 firms in this market, the short-run equilibrium price of titanium would be $ per pound. At that price, firms in this industry would . Therefore, in the long run, firms would the titanium market. Because you know that competitive firms earn_ economic profit in the long run, you know the long-run equilibrium price must be $ per pound. From the graph, you can see that this means there will be __ firms operating in the titanium industry in long-run equilibrium. True or False: Assuming implicit costs are positive, each of the firms operating in this industry in the long run earns positive accounting profit. True False Grade It Now Save & Continue Continue without saving MacBook Air 30 DII 2 R T O P S G H K X C B N M A mmand command option