Assume that all firms in this industry have identical cost curves, and that the market is perfectly competitive.

Entire Market Single Representative Firm 25 51 25 20 52 20 ATC 15 15. 153 Price (S/ unit) AVC 10 -10, 5 YD 200 250 300 350 4007 450 10 15 20 25 30 35 40 45 150 Quantity, (Number of Units)] Quantity, (Number of Units)