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Refer to the information provided in Figure 15.6 below to answer the question(s) that follow. Demand and cost conditions facing Trollio's T-shirts $4 MC ATC Dollars D 10 10 MR 0 20 50 60 q Number of silk-screened T-shirts per day Figure 15.6 92) Refer to Figure 15.6. If Trollio's T-shirts is in long-run equilibrium, it is producing silk-screened T-shirts and selling each T-shirt at a price of A) 20; $5 B) 50; $10 C) 50; $16 D) 60; $15 93) Refer to Figure 15.6. If Trollio's T-shirts is producing 50 silk-screened T-shirts and selling each T-shirt at $16, then in the long run this firm should A) exit the industry, as it is earning a zero economic profit. B) increase output to 60 silk-screened T-shirts. C) reduce output to try to increase profits. D) continue to produce 50 silk-screened T-shirts and sell each T-shirt for $16. 94) Refer to Figure 15.6. If Trollio's T-shirts is in long-run equilibrium, it is charging a selling price of and has an average total cost of A) $10; $10 B) $16; $10 C) $16; $16 D) $10; $16 95 Refer to Figure 15.6. If Trollio's T-shirts is producing the quantity where MR = MC and selling each T-shirt at the price where D= ATC, then in the long run this firm should the selling price and quantity. A) increase; decrease B) decrease; increase C) increase; increase D) not change; not change