Given: Assume you are hired as a consultant to a firm that provides you the following cost data provided in the table and the equivalent figure. Table: Output (q) Marginal Cost (MC) Avg Variable Cost (AVC) Avg Fixed Cost (AFC) Avg Total Cost (ATC) 0 --- --- --- --- 1 $20 $20 $400 $420 2 $60 $40 $200 $240 3 $100 $60 $133 $193 4 $140 $80 $100 $180 5 $180 $100 $80 $180 6 $220 $120 $67 $187 7 $260 $140 $57 $197 8 $300 $160 $50 $210 9 $340 $180 $44 $224 10 $380 $200 $40 $240 Figure: Cost curves; data given in table. Question: Suppose the firm can sell it's output at the market price of $100 per unit. In the long-run, what will happen to the market price? Group of answer choices Firms with similar costs will exit the industry over time causing market supply to decline which will cause an increase in the market price. Firms with similar costs will enter the industry over time causing market supply to rise which will cause a decrease in the market price