Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.
Figure 9.2Refer to Figure 9.2. If MR = $9, then in the long run
A. new firms will enter the industry and the current firms will expand production.
B. the firm will shut down.
C. the firm will exit the industry.
D. None of the above is correct.
Answer: A
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