Rose growing is a perfectly competitive industry and all rose growers have the s

Question

Rose growing is a perfectly competitive industry and all rose growers have the same cost curve; The market pence of roses is $9 a bunch and each grower maximizes profit by producing 2.600 bunches a week The average total cost of producing roses is $14 a bunch Minimum average variable cost $4 a bunch, and the maximum average total cost is $10 a bunch. Because ferns in the industry are some firm? the market in the long run The number of rose growers will. incurring an economic loss, ear; decrease making an economic profit. enter, increase an economic loss, enter and some firms will exit. increase or decrease depending on the relative number of entering and exiting firms making zero economic profit. shut down and exit, decease making an economic profit, exit and some fibrin will enter. decrease or increase depending on the relative number of e:aang and entente tarns

Explanation / Answer

incurring a economic loss of 2.600

incuring a economic loss , exit, decrease.

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