15. When the industry is in long run equilibrium the firm shown to the right will:

1. produce an output of 10 units at a price of $20.
2. produce an output of 5 units at a price of $10.
3. produce an output of 8 units at a price of $15.
4. produce an output of 7 units at a price of $14.
5. produce an output of 12 units at a price of $20.

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