pints Competitive Firm Fridbees Tools Tools eBook Demand Print Price or Cost( dollars per Frisbee) LL ferences F C 14,000 28,000 42,000 56,000 70,000 100 200 300 400 500 600 700 Quantity (Frisbees per month) Quantity(Frisbees per month) v many Frisbees are being sold in equilibrium? Frisboos w many (identical) firms are initially producing Frisbees? dentical firms # much profit is the typical firm making? w of the profits being made, more firms will want to get into Frisbee production, In the run, these new firms will shift the market supply curve to the right and push the price to average total cost, thereby eliminating profits. that equilibrium price are all profits eliminated