Safari File Edit View History Bookmarks Window Help Q Fri Apr 12 11:23 PM SIGN ouT l Bookmarks Window Help & FriApr12 11:23PM PR ETe e ] [ (] R VI o R e et N T Ty e Q Search this course o Module Six Quiz o X MC MR Quantity One day, consumer advocate Skippy Jif discovers that all brands of peanut butter in Nutville are identical. Thereafter, the market becomes perfectly competitive and again reaches its long-run equilibrium. On the previous graph, use the grey point (star symbol) to show the market price in this case and the quantity produced by each firm. Which of the following statements are true for a typical firm in this market given the transition from monopolistic competition to perfect competition? Check all that apply. Average total cost remains unchanged. The quantity decreases. Profit remains unchanged. Marginal cost decreases. The price decreases. Grade It Now Save & Continue Continue without saving