(Solved): In pure competition, if the market price of the product is \( \$ 38 \) and the minimum average tot ...

In pure competition, if the market price of the product is \( \$ 38 \) and the minimum average total cost of the firms is \( \$ 56 \), then Multiple Choice some firms will enter the industry and the industry supply will increase. other firms will exit the industry and the industry supply will decrease. some firms will exit the industry and the industry supply will increase. other firms will enter the industry and the industry supply will decrease.