this is the second part of the question

b. If every firm in this industry has the same cost structure, is the industry in long-run competitive equilibrium?

(Click to select)

No

Yes

c. From what you know about these firms' cost structures, what is the highest possible price per unit that could exist as the market price in long-run equilibrium?

d. If that price ends up being the market price and if the normal rate of profit is 10 percent, then how big will each firm's accounting profit per unit be?