Liam runs his own business selling refrigerators.He receives$7,000/week from sales,with business related expenses being$6,200/week.Liam previously worked as a carpenter before selling refrigerators,with takehomepayof$800/week.

Which of the following statements are true:

Liamis earning anormal profit from choosing to sell refrigerators.

Liam'saccountingprofit from selling refrigeratorsis$800/week.

There is an incentive for Liam to leave the market for refrigerators and return to being a carpenter.

Liam'seconomic profit in this situation is equal to $0/week.