Market Firm MC ATC -MR Price MR IAVC Quantity Quantity Which of the following statements is true of the figure above? O The firm will be earning positive economic profits if the supply curve in the market is $2. O If the price facing the firm is P1, the market is in long run equilibrium. O The firm will be earning zero economic profits if the supply curve in the market is S1. O If the price facing the firm is P3, then in the long run market supply will shift to $2. O If the price facing the firm is P2, then in the long run market supply will shift to $1