Figure 13-4 Figure 13-4 Shows Cost and Demand Curves

Multiple Choice

Figure 13-4 Figure 13-4 shows cost and demand curves for a monopolistically competitive producer of iced-tea.
-Refer to Figure 13-4.Based on the diagram,one can conclude that

A) some existing firms will exit the market.
B) new firms will enter the market.
C) the industry is in long-run equilibrium.
D) firms achieve productive efficiency.