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Table 8-3 The following table shows how the total cost of producing kilograms of sugar varies with output and capital in the long run in a perfectly competitive industry. Kilograms of Sugar 0 10 20 30 40 50 60 70 80 Produced Each Hour Total Cost (K = 1)(in 0 3 4.5 9 15 22.5 30 37.5 48 dollars) Total Cost(K = 2) (in 3 4.2 5.1 8.7 11.4 15 18 21.6 dollars) Total Cost(K = 3) (in 6 3.6 7.5 7.8 8.6 10.8 13.5 16.5 20.1 dollars) Refer to Table 8-3. Suppose firms can freely enter or exit the industry and face the cost structures specified in Table 8-3. What is the likely long-run price of a kilogram of sugar? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)