If a Price-Taking Firm That Belongs to an Industry in Long-Run

Multiple Choice

If a price-taking firm that belongs to an industry in long-run equilibrium discovers a significant cost-saving technology,then the

A) firm will enjoy positive economic profit forever.
B) rest of the industry will be forced to exit,resulting in a monopoly.
C) firm will enjoy positive economic profit for a short period of time.
D) rest of the industry will experience economic losses.
E) rest of the industry will refuse to adopt the new technology.