question number 18

For this exercise, assume that the firm in discussion continues operations. A perfectly competitive firm is producing 300 units of output. The market price is $28, and its ATC is $24. In the long run, the market price will be and the firm's output will be more than $28, less than 300 units O less than $28, less than 300 units O less than $28, more than 300 units O more than $28, more than 300 units