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Suppose that the market price is $105 and the typical firm in this Perfectly Competitive industry is producing 185,000 units with plant SRATC5 . Group
Suppose that the market price is $105 and the typical firm in this Perfectly Competitive industry is producing 185,000 units with plant SRATC5 . Group of answer choices The industry is not in equilibrium because firms have an incentive to decrease their output level The industry is not in equilibrium because firms have an incentive to expand their plant size The industry is not in equilibrium, firms will enter attracted by profits The industry is not in equilibrium because firms have an incentive to increase their output level None of these answers is correct The industry is in equilibrium
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