A. Firms will enter the market, reducing the market price B. Firms will exit the market, raising the market price C. The firms marginal cost curve will shift to the left D. All firms will earn economic profits in the long run

D Question 17 Consider the firm whose cost curves, price, and quantity are described below. What area best reflects the profits or losses taken by this firm, at this price, given these cost curves? Marg. Cost Ave. Total Cost Ave. Variable Cost A P B