Kizspy | Question: 50
(Choose 1 answer)
Willie sells equipments for fishing in a competitive market. If his equipments sell for $100 each and the ATC
per unit is $95 at the profit-maximizing output level, then in the long run
A. more firms will enter the market
B. some firms will exit from the market
C. the equilibrium market price will rise
D. ATC will fall
