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Given the tables, which option is correct? I am unsure. please help and thank you very much Scenario 2. Short Run Profit maximizing scenario: P-38,

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Given the tables, which option is correct? I am unsure. please help and thank you very much

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Scenario 2. Short Run Profit maximizing scenario: P-38, Q-3, Profit = -6 Entry Conditions True False Exit Conditions True/False 1. Long Run Time-frame True 1. Long Run Time-frame True 2. Positive Profit True 2. Negative Profit True 3. No Barriers to entry False In the long run the monopolist facing this scenario should expect: A. Entry by new firms B. Exit by existing firms C. Neither entry nor exit D. Unable to Determine

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