Question: ATC, ( ( mathrm { Q } = 2 0 0 0 ) : $ ) c . The marginal cost
ATC, mathrmQ: $
c The marginal cost MC of increasing production from to
MC: $
d There is free entry into the industry, and anyone who enters will face the same costs as Lily. Suppose that currently, the price of a flower pot is $ What will Lily's profit be
Profit: $
e Is this a longrun equilibrium? If not, what will the price of a flower pot be in the long run?
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