Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Scenario: Monopolistically Competitive Firm
For a monopolistically competitive firm, Q = 160 - P; MC = 20 + 2Q; and TC = 20Q + Q² + 20.
-(Scenario: Monopolistically Competitive Firm) Given the information in the scenario Monopolistically Competitive Firm, in the long run, this firm can expect that:

A) its demand curve will become more elastic as it dominates the market more.
B) its economic profits will decrease to zero.
C) its losses will fall and eventually become a positive economic profit.
D) other firms will not enter or exit the industry.