Refer to the Information Provided in Figure 15

question 79

Multiple Choice

Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. Figure 15.4
-Refer to Figure 15.4. In the long run in this monopolistically competitive industry,

• A) some firms will leave the industry until the remaining firms break even economically.
• B) all firms will leave the industry.
• C) some firms will enter the industry and industry profits will increase.
• D) product supply will increase so prices will go up.