The figures below show the supply and demand for a perfectly competitive industry and the cost curves for a representative firm in the industry. Explain what will happen in the long run in this industry. 
Definitions:
Net Assets
The total assets of a company minus its total liabilities.
Deferral Method
An accounting practice that involves postponing the recognition of certain income or expenses until a later accounting period, typically to match revenue with expenses more effectively.
Donation Revenue
Income received from gifts or donations, often characterized by the absence of an expected return or direct benefit to the donor.
Restricted Contribution
Funds given to an organization with stipulations on their use, requiring the organization to apply them to a specified project or purpose.
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