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Refer to the diagram to the right. Suppose the prevailing price is $20 and the rm is currently producing 1,350 units. In the long run

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Refer to the diagram to the right. Suppose the prevailing price is $20 and the rm is currently producing 1,350 units. In the long run equilibrium, the firm represented in the diagram [ji- A. will reduce its output to 1,100 units. B. will reduce its output to 750 units. - C. will cease to exist. ' .2- D. will continue to produce the same quantity. Price and cost 750 1,100 1,350 Quantity 1,300

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