shows the long-run average costs for three firms. Quantity 1 Ali's Hats Bodi's Bats Cody's Mats $110 $110 $110 2 60 90 90 3 80 60 80 4 115 60 60 5 150 60 50 6 220 60 20 7 300 90 30 a) In which industry, Hats, Bats or Mats, would there likely be many small firms? Industry: Bats b) In which industry, Hats, Bats or Mats, would there likely be firms of many different sizes? Industry: Hats c) Which industry, Hats, Bats or Mats, would likely be dominated by a few large firms? Industry: Bats