(Solved): If all other sellers of trail mix in the market have the same marginal and average costs as Ralph, h ...

If all other sellers of trail mix in the market have the same marginal and average costs as Ralph, he should expect choose your answer...

competitors in the future, which will cause the price of trail mix and Ralph's profits to

choose your answer... over time. In fact, in the long run (after entry or exit has occurred), the price of trail mix will be

, and Ralph's economic profit will be

choose your answer... Monopoly Profit Maximization