Given below is a portion of Swinging Tunes, Inc.'s management performance report: 
Which statement is true about the manager's overall performance?
Definitions:
Economic Profits
The variance between gross income and total costs, considering both explicit and implicit expenses.
Long-Run Market Adjustments
Changes that firms or entire industries undergo over an extended period in response to shifts in demand, technology, and competitive landscapes.
Representative Firm
A theoretical concept or model used to represent the average or typical firm within an industry, often for analytical purposes.
Decrease in Demand
A downward shift in the demand curve, indicating that consumers now want to purchase less of a good at all price levels.
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