In the Small Caribbean Nation of Jamaica, Large Barriers to Entry

Multiple Choice

In the small Caribbean nation of Jamaica, large barriers to entry in the sugar industry explain why the two sugar producers in the country:

A) can earn an economic profit in the long run.
B) must produce at the minimum average total cost in the long run.
C) have no fixed costs in the long run.
D) must produce a level of output such that MR = MC to maximize their profit.