Question: please help me ? I- Prot Max Under ME I Perfect Comp. Outcome Price, Cost, Revenue Quantity One clay, consumer advocate Skippy Jif discovers that

please help me ?

please help me ? "I- Prot Max Under ME "I\" Perfect Comp.

"I- Prot Max Under ME "I\" Perfect Comp. Outcome Price, Cost, Revenue Quantity One clay, consumer advocate Skippy Jif discovers that all brands of peanut butter in Nutuille are identical. Thereafter, the market becomes perfectly competitive and again reaches its longrun equilibrium. On the previous graph, use the grey point ( star symbol) to Show the market price in this case and the quantity produced by each rm. which of the following statements are true for a typical rm in this market given the transition from monopolistic competition to perfect competition? Check at! that apply. C] The price increases. C] Average total cost decreases. C] Marginal cost increases. C] Protincreases. C] The quantity remains unchanged

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