Refer to the Information Provided in Figure 9

Multiple Choice

Refer to the information provided in Figure 9.7 below to answer the questions that follow. Figure 9.7
-Refer to Figure 9.7. If demand for wheat is D3, then in the long run

A) the firm will shut down.
B) the firm will exit the industry.
C) new firms will enter the industry, and the current firms will expand production.
D) None of the above is correct.