Multiple Choice
Roger owns a small health store that sells vitamins in a perfectly competitive market. If vitamins sell for $12 per bottle and the average total cost per bottle is $12.50 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 price per bottle will fall.
D) average total costs will fall.
Correct Answer:

Verified
Correct Answer:
Verified
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