If a Purely Competitive Constant-Cost Industry Is Realizing Economic Profits

Multiple Choice

If a purely competitive constant-cost industry is realizing economic profits, we can expect industry supply to

A) increase, output to increase, price to decrease, and profits to decrease.
B) increase, output to increase, price to increase, and profits to decrease.
C) decrease, output to decrease, price to increase, and profits to increase.
D) increase, output to decrease, price to decrease, and profits to decrease.