Table 14-7 The Widget Industry Has Three Types of Firms. the Cost

Multiple Choice

Table 14-7
The widget industry has three types of firms. The cost structure for each type is as follows:

-Refer to Table 14-7.If this is a competitive market and it is in long-run equilibrium,what must the price be if all three types of firms are producing

A) $4
B) $5
C) $6
D) $7