MindTap - Cengage Learning X + V X -> C A ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966909&snapshotld=3545333& ABP Marvin v K C eng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966909&snapshotld=3545333& ABP Marvin v K C A ng.cengage.com/staticb/ui/evo/index.html?eISBN=9780357133606&id=1834966909&snapshotld=3545333& ABP Marvin v CENGAGE |MINDTAP Q Search this course ? My Home Homework (Ch 14) X 12 Courses 64 Supply (10 firms) Catalog and Study Tools 56 A-Z Rental Options 48 Demand Supply (20 firms) 40 PRICE (Dollars per pound) College Success Tips 32 Supply (30 firms) Career Success Tips 24 ? Help 16 Give Feedback Co 0 120 240 360 480 600 720 840 960 1080 1200 bongo QUANTITY (Thousands of pounds) If there were 20 firms in this market, the short-run equilibrium price of rhenium would be $ per pound. At that price, firms in this industry would Z . Therefore, in the long run, firms would the rhenium market. A+ Because you know that competitive firms earn economic profit in the long run, you know the long-run equilibrium price must be $ per pound. From the graph, you can see that this means there will be _ firms operating in the rhenium industry in long-run equilibrium. True or False: Assuming implicit costs are positive, each of the firms operating in this industry in the long run earns negative accounting profit. O True O False Type here to search SEA a P @ O 57 F 2 0761) 4:34 PM 99 N 12/10/2023