Economic

Toms family photos is a photographic portrait business

Tom's Family Photos is a photographic portrait business in a perfectly competitive market in Duluth. Quantity Total cost The table shows the total cost schedule of Tom's Family Photos. (portraits per hour) (dollars per hour) 120 If the market price is $120.00 a portrait, what is the size of 180 Tom's Family Photos' economic profit or economic loss? 210 270 Do firms exit or enter the market in the long run? 360 480 If the market price is $120.00 a portrait, Tom's Family Photos in the short run of $ | an hour. In the long run, firms the market. O A. neither exit nor enter O B. exit O C. enter Next