All firms will exit the industry. Because equilibrium occurs when MR=MC.
The manufacturing process is used by all industries to turn material inputs from other sectors and factor inputs from the broader economy into a final product. In the prior pizza example, a pizza manufacturer obtains material inputs from other sectors' producers. It comprises dairy cheese and veggies grown by farmers. Industries are classified into many categories. The industries are classified as heavy or light, local or foreign, durable or non-durable, or manufacturing or construction. Agriculture and industry are inextricably linked since the commodities or products manufactured in industries are created from raw materials derived from agriculture.
To know more about Industry visit the link
https://brainly.com/question/22442202
#SPJ1
