Refer to the Information Provided in Figure 15

Multiple Choice

Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. Figure 15.1
-Refer to Figure 15.1. In this industry in the long run,

A) firms will start to incur economic losses.
B) firms will enter until all firms break even economically.
C) product demand will increase so that profits are increased.
D) product supply will decrease so prices will go up.