Since the Firm in the Above Figure Is Operating in a Monopolistically

Multiple Choice

Since the firm in the above figure is operating in a monopolistically competitive industry, in the long run we can expect to see

A) the typical firm's economic profits expand as production becomes more efficient.
B) more firms entering the industry until economic profits are zero.
C) the typical firm producing at the minimum point on its ATC curve.
D) each firm expand its share of the total market.