When a Competitive Market Experiences an Increase in Demand That

Multiple Choice

When a competitive market experiences an increase in demand that induces an increase in producer costs,which consequence is most likely

A) The long-run market supply curve will be upward sloping.
B) The condition of free entry into the market will be violated.
C) Producer profits must fall in the long run.
D) The long-run market supply remains constant at minimum long-run average cost.