Firms producing an identical product in a competitive market are producing at an output level that maximizes profit. The current market price is $4.50 per unit, and the firms are producing at a long-run average cost of $5.00 per unit. Over the long run, one should expect

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.