1. For-Profit Labs, Inc. (FPL) is a private laboratory that does only routine blood counts. With total assets of $8,000,000 last year,FPL took in $3 million in revenues and had expenses of $200,000. The average firms in other industries make a return of 10% on their assets. The market for lab services is potentially competitive, but right now there are only a few firms in the industry.However,lab technicians are free to enter the industry if they wish. Firms in the industry charge $300 for blood counts, and their costs are $20. What do you expect will happen in the long run?