Suppose that the Dragon Fruit market is perfectly competitive and the price is $12 per pound.

Q?please explain, would we expect to price rise or fall in this market? And why perfectly competitive markets are productively efficient? ( why do firms operate at an efficient scale in the long-run.?

Q TC VC FC MC ATC AVC AFC 0 8 0 8 16 8 8 8 16 8 8 2 22 14 8 6 11 7 4 3 30 22 8 8 10 7.33 2.67 4 40 32 8 10 10 8 2 5 52 44 8 12 10.4 8.8 1.6 6 66 58 8 14 11 9.67 1.33