Now consider the long run in which scooter manufacturers are free to enter and exit the market. Show the possible effect of this free entry and exit by shifting the demand curve for a typical individual producer of scooters on the following graph. O Demand PRICE (Dollars per scooter) Demand QUANTITY (Scooters) Which of the following statements are true for both monopolistically competitive markets and monopoly markets? Check all that apply. Price is above marginal cost. Firms are not price takers. Firms can earn positive profit in the long run. Price equals average total cost in the long run