ATC 1,600 Price and costs (dollars p 1,200 800 400 90 130 170 210 Quantity (tons per day! The figure above shows the costs for the typical grower in the perfectly competitive turnip market. Currently, the price of a ton of turnips is $1,200. The demand for turnips increases permanently. The turnip industry experiences neither external economies nor external diseconomies. In the long run, the price of a ton of turnips Select one: O a. is $1,200 and turnip growers will make normal profit O b. decreases so it is below $1,200, and turnip growers will make normal profit. Oc decreases so it is below $1,200 and the turnip growers make an economic profit. d. increases so it is above $1,200. ho