Question 46 (1 point) Listen Consider a perfectly competitive market for a good in which the market demand is D = 100 - p where D represents the quantity demanded in the market and p the price per unit. The supply of a perfectly competitive firm is Si = , where Si denotes the quantity supplied by firm i=1,..,n. Suppose that each firm has a minimum average cost of $4. Given that all firms are identical then market supply is defined as S = nSi. The number of firms that would enter into the market in the long run is n= 48 96 none of the other answers are correct. 50 52