S2 13 16 21 28 38 Use Table: Cherry Farm. the industry is in long-run equilibrium.. Suppose there are 100 farms in this industry with identical cost curves, as shown in the table. If the price is $6 per kilogram: fırms will enter the industry. O firms will exit the industry. O the industry is in long-run equilibrium. O the industry has minimized average total cost.

S2 13 16 21 28 38 Use Table: Cherry Farm. the industry is in long-run equilibrium.. Suppose there are 100 farms in this industry with identical cost curves, as shown in the table. If the price is $6 per kilogram: fırms will enter the industry. O firms will exit the industry. O the industry is in long-run equilibrium. O the industry has minimized average total cost.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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