ATC MC $24 20 MR 50 70 Quantity If the cost and demand conditions of this competitive price-searcher firm depicted in Figure 10-4 are representative of the market, what will happen in the future? Sane firms will o out of bsne an market price will iei The current market price will tend to persist into the future. New firms will enter the market, and the market price will decline. The firms in this industry will probably collude in order to increase their profitability