Lilly is the price-taking owner of an apple orchard. The price of apples is such that Lilly is making negativeeconomic profits (economic losses). In the long run, Lilly should expect

1.no change of apple prices due to the entry/exit of firms

2.higher apple prices due to the exit of some existing firms

3.lower apple prices due to the exit of some existing firms

4.lower apple prices due to the entry of new firms