Answer the question on the basis of the following demand and cost data for a specific rm. Demand Data Cost Data {1} Price {2) Price 0 11.00 5 10.00 0 10.50 0.05 ? 10.00 I 0.00 0 I 0.50 I V00 9 I 0.00 I 0.10 10 0.50 I 5.00 11 0.00 I 4.15 12 Suppose that entryr into the industry changes this firm's demand schedule from columns {1] and {3] to columns {2] and [3]. Economic profit will Multiple Choice increase by 53. decline to zero. fall to $11.50. fall by $10.50. (3] Quantity Output hm'dt')' ID Total Cost S 61 62 64 E1? 3'2 I T9 00