Multiple Choice
Use the following to answer question: 
-(Table: Cherry Farm) Use Table: Cherry Farm.Suppose there are 100 farms in this industry with identical cost curves,as shown in the table.If the price is $3.60 per pound:
A) firms will enter the industry.
B) firms will exit the industry.
C) the industry is in long-run equilibrium.
D) no firms will produce in the industry in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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