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Answer questions under the graph Problems 14 to 18 400 ..... MC ..... MMM.... ATC 350 300 Price and cost (dollars per bike) 250 200

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Answer questions under the graph

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Problems 14 to 18 400 ..... MC ..... MMM.... ATC 350 300 Price and cost (dollars per bike) 250 200 150 100 MR 50 100 200 Quantity (mountain bikes per week) Alt Text: mountain bikes Think of your answers to the previous question to describe the adjustment process in the mountain bike industry. As a result of the [ Select ] economic profit, [ Select ] the mountain bike industry. Suppose Mickey's Mountain Bikes remains in business. The demand for Mickey's Mountain Bikes [ Select ] and the price of Mickey's Mountain Bikes [ Select ] . The market share for firms in the mountain bike industry [ Select ] as the market adjusts to the long run equilibrium

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