Long Run Adjustments Use this figure, which illustrates short run cost and revenue conditions for a typical firm in the competitive laser printer industry, to answer the following questions. 20. The short run market price is? MC 21. In the long run, what will happen to the number of firms in the industry? Pa MR (increase, decrease, remain the same) P. 22. In the long run, what will happen to the AVC market supply curve for laser printers? (shift right, shift left, remain the same) ATC Price and Costs 23. In the long run, what will happen to market price? (increase, decrease, remain the same) 24. In the long run, what will happen to economic profits (or losses) in this Quantity of Laser Printers industry? (increase, decrease, remain the same) 25. Assuming this is a constant cost industry, the long run equilibrium price will be