The following graph shows the demand curve for a good and the long run average cost curve for a typical firm in this market.   If the government does not intervene in the market, then   Question 4 options:   there will be many firms in this market, all of whom will take the market price as given and produce where price equals marginal cost   there will only be 1 firm in this market, and they will produce where marginal revenue equals marginal cost   there will only be 1 firm in this market, and they will take the price as given and produce where price equals marginal cost   no firms will enter this market

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