P. MC, MR, SRATC, LRATC SRATCE MC LRATC 105 - - -MC SRATCo SRATC MC- 80 SRATC, - - ----MC/-- MC 62 SRATC, MC SRATC2 45 30 32,000 62,000 100,000 165,000 185,000 205,000 Suppose that the typical firm in this Perfectly Competitive industry is producing the profit maximizing/loss minimizing output level with plant SRATCo. Assume the market price is $105, in the long run we expect None of these answers is correct The market supply to shift right and the price to drop The market supply to shift left and the price to rise The market supply to shift left and the price to drop The market demand to shift left and the price to fall The market supply to shift right and the price to rise