If all other sellers of trail mix in the market have the same
marginal and average...
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Economics
If all other sellers of trail mix in the market have the same
marginal and average costs as Ralph, he should expect Question
Blank 1 of 4 competitors in the future, which will cause the price
of trail mix and Ralph's profits to Question Blank 2 of 4 over
time. In fact, in the long run (after entry or exit has occurred),
the price of trail mix will be Question Blank 3 of 4 , and Ralph's
economic profit will be Question Blank 4 of 4
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