A Market with Constant Costs Is in Long-Run Equilibrium When

Multiple Choice

A market with constant costs is in long-run equilibrium when it experiences a permanent increase in demand.
Market supply ________ and the market price ________.
Market output ________ and in the long run each remaining firm makes ________ profit.

A) increases;falls until it reaches each firms' minimum average total cost;increases;zero economic
B) decreases;rises until it reaches each firms' minimum average variable cost;decreases;zero economic
C) increases;falls;increases;an economic
D) decreases;rises until it reaches each firms' minimum average total cost;decreases;an economic
E) increases;does not change;increases;zero economic