Try Another Version of These Questions The graph below shows cost curves for a firm operating in a perfectly competitive market. Suppose that the equilibrium price is $10 (black line). This firm is earning Hint Box 1: Select the best answer The graph below shows cost curves for a typical firm operating in a perfectly competitive market. Suppose that the equilibrium price is $16.28 (black line). What will happen in this market in the long run? Hint Box 1: Select the best answer The graph below shows cost curves for a typical firm operating in a perfectly competitive market. Suppose that the equilibrium price is $18.33 (black line). What will happen in this market in the long run? Hint Box 1: Select the best answer The graph below shows cost curves for a typical firm operating in a perfectly competitive market. Suppose that the equilibrium price is $16.98 (black line). What will happen in this market in the long run? Hint Box 1: Select the best answer The graph below shows cost curves for a typical firm operating in a perfectly competitive market. Suppose that the equilibrium price is $13 (black line). What will happen in this market in the long run? Hint Box 1: Select the best answer