💰 Round 2 Event: Market Oversupply
After a profitable first round, new firms have entered the market, attracted by the potential gains. As a result, the market is now flooded with apples, causing the price to drop significantly to $5.
💰 Round 3 Event: Market Adjustment
The sharp decline in prices during Round 2 resulted in lower profits, and some firms were unable to sustain their operations. As a consequence, several firms have exited the market, reducing overall supply. With fewer competitors, the market price has adjusted back to long-run equilibrium.
