After careful analysis, a firm in monopolistic competition decides to start an advertising campaign. As a result, we expect which of the following? (Select all that apply) C] an increase in the firm's profit D an increase in quantity demanded for the firm's product O no change in the demand curve but a movement along the firm's demand curve O no change in the price the firm will charge [3 an increase in the firm's costs Which of the following are true in a long run equilibrium for a monopolistically competitive market? (Select all that apply) 0 firms set a price to ensure that their profits are zero O firms select output where the price of their product is equal to the marginal cost O firms produce a quantity and charge a price that can be 0 firms select a price from the marginal cost curve 0 firms operate at an output that results in an average total cost that is lower than the marginal cost FIRM B Advertise Advertise More Less 1, 3 4, -5 3, 5 0, 0Advertise More Advertise 1, 3 More FIRM A Advertise 3, 5 LessGiven the above payoff matrix for a duopoly, consisting of Firm A and Firm B, in which each firm is considering a change in advertising, answer the following questions (all payoffs indicate changes in annual profits measured in million of dollars). A. Does Firm A have a dominant strategy? Explain. B. Does Firm B have a dominant strategy? Explain.