ation will save this response Refer to Figure 2 in the image

ation will save this response Refer to Figure 2 in the image file for a competitive industry. In the long run, the complete Oo. O $250. $650. $900. Moving to another question will save this response. Figure 2 $20 ATC 0 10 20 30 40 50 Quantity 60 70 80 PIC.COLLAGE

Solution

In long run, firm will earn only normal profit or there is no supernormal profit.

TC = 40*10

TR = 40*10

Profit = 400 - 400

= $ 0

Hence, right answer is $ 0