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Bituminous coal is a perfectly competitive industry. Todaylthe price of coal is $59 per ton and the average total cost of coal production is $65
Bituminous coal is a perfectly competitive industry. Todaylthe price of coal is $59 per ton and the average total cost of coal production is $65 per ton. What do we expect to happen In the next year or two? Select one: 0 A. Firms may move along their LRAC curves to new outputs. O B. Existing firms may get smaller. 0 C. Firms may leave the industry. 0 D. All of the above may occur
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