Question: Please help with this practice question. This is the full question. You manage a firm in a perfectly competitive market and the market price is

Please help with this practice question. This is the full question.

Please help with this practice question. This is the full question. You

You manage a firm in a perfectly competitive market and the market price is above your average total cost. What should you expect in the long run? 0 other firms to exit the market and market price to decrease 0 new firms to enter the market and market price to stay the same 0 new firms to enter the market and market price to decrease 0 no entry or exit ofrms in the market and the market price to decrease 0 other firms to exit the market and market price to stay the same

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