General Snacks Is a Typical Firm in Monopolistic Competition

Multiple Choice

General Snacks is a typical firm in monopolistic competition.Initially,the market is in long-run equilibrium,and then there is an increase in the market demand for snacks.In the long run,the economic profits of typical firms in the industry will be:

A) typical of those earned by monopoly firms.
B) positive but less than the level typically earned by monopoly firms.
C) zero.
D) negative.