АТС MC $24 20 15 10 MR 50 70 Quantity If the cost and demand conditions of this competitive price- searcher fırm depicted in Figure 10-4 10-4.png are representative of the market, what will happen in the future? Some fırms will go out of business, and the market price will rise. The current market price will tend to persist into the future. New firms will enter the market, and the market price will decline. The firms in this industry will probably collude in order to increase their profitability. Price

АТС MC $24 20 15 10 MR 50 70 Quantity If the cost and demand conditions of this competitive price- searcher fırm depicted in Figure 10-4 10-4.png are representative of the market, what will happen in the future? Some fırms will go out of business, and the market price will rise. The current market price will tend to persist into the future. New firms will enter the market, and the market price will decline. The firms in this industry will probably collude in order to increase their profitability. Price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please help me to find the answer for attached question. The before I received with the answer of wrong demand function. I mentioned real required demand function as "Green colour tick mark". Thanking you