A profit-maximizing firm in a competitive marAssuming there is no change in either demand or the firm's cost curves, which of the following statements is true about what will happen in the long run? Check all that apply. The quantity supplied by each firm will increase. Marginal cost will increase. The price of fertilizer will decrease. The total quantity supplied to the market will increase. Average total cost will increase.ket is currently producing 100 units of output. It has average revenue of $10, average total cost of $8, and fixed cost of $200. Complete the following table by indicating the firm's profit, marginal cost, and average variable cost. Profit Marginal Cost Average Variable Cost (Dollars) (Dollars) (Dollars) The efficient scale of the firm must be 100 units