In the area around a local university, a number of food vendors gather each lunchtime to sell food to university students who are tired of dorm food. The unlversity and the town have no license fees that apply to food vendors, preferring to let the market dictate how many and which vendors show up$.$ Many different cuisines are represented on the street corner, including a cart sponsored by Madame Defarge selling gumbo and jambalaya.

Madame Defarge sells a plate of either gumbo or jambalaya for $$4.$ The food is made in the morning at her nearby restaurant, when the kitchen is otherwise unoccupied. Her crew of three, each of whom earns $$14$ per hour, takes $1\mathrm{.}0$ hours to make the $100$ meals required by Madame Defarge. In creating these meals, they use ingredients equal to $$100.$

Madame Defarge hires another worker to load her cart with food and sell it during the lunch hours. That worker costs $$8$ per hour and typlcally sells out the entire cart of $100$ meals in $2$ hours. The cart is rented for $$90$ per $5-$day week. $($The carts are not in operation on the weekends, when Madame Defarge is too busy at her restaurant.$)$

What factors make thls a monopolistically competitive market? $($Mark all that apply.$)$

A$.$ Madame Defarge only operates on specific days.

B$.$ Madame Defarge sells out the entire cart in $2$ hours.

C$.$ There are many types of food from which students can choose.

D$.$ Madame Defarge is one of many vendors.

E$.$ There are no licensing fees for food$-$cart vendors.

Madame Defarge's profit per meal is equal to $$2\mathrm{.}24.($Enter your response rounded to the nearest penny.$)$

What would you expect to see happen in this business?

A$.$ Firms would exit this market due to negative economic profit in the short run.

B$.$ Firms would enter this market due to positive economic profit in the long run.

C$.$ Firms would exit this market due to negative economic profit in the short run.

D$.$ Firms would enter this market due to positive economic profit in the short run.

Can you check if my answes are correct based on the exact information given in the photo please