The quantity demanded in the widget market is significantly greater than the quantity found at the bottom of the LRAC. Based on this information, which of the following is likely to occur?  Only one firm will produce and sell widgets. Many firms will compete in the widget market. A monopoly will form in the widget industry.  Most firms will experience diseconomies of scale. Market demand and the LRAC determine which of the following? The number of firms that will exist in an industry  The number of firms with diseconomies of scale The level of output for firms in an industry The average size of firms in an industry

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