The pizza market is perfectly competitive, and all pizza producers have the same costs as Pat€™s Pizza Kitchen in Problem 4.
In problem 4
Pat€™s Pizza Kitchen is a price taker. Its costs are

a. At what price will some firms exit the pizza market in the long run?
b. At what price will firms enter the pizza market in the long run?

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Output (pizzas per hour dollars per hour) Total cost 10 21 30 41 54 69