In a vast metropolitan area, thousands of independent rooftop apiarists harvest and sell wildflower honey of identical quality. Mia operates one such micro-apiary and plans to sell her honey jars at the city's agricultural exchange, expecting to earn a normal profit. She notes that the market consists of thousands of sellers, all of whom are price-takers selling at the identical market clearing price.
Draw diagrams showing the equilibrium positions for both the metropolitan honey market and a typical firm (Mia's micro-apiary) in the long run.
