Figure 9-16 $/9 MC 6.70 6.00 ATC 4.90 4.00 AVC d = MR 2.80 2.60 11 -9 0 6 8 12 14 if the price-taker firm in Figure 9-169.16.208 is producing at the proht maximizing rate of output, then which of the following are true? o The firm is making zero economic profits and the industry is in long-run equilibrium The firm is making a positive economic pront and new frms will enter the industry in the long run The remis making an economic loss and firms will exit the industry in the long run The firm is making a positive economic profit, but high barriers to entry will keep potential competitors out of the market so it can continue to make positive economic profits in the long run