opennow'difference-engine.com a Module7 Quiz if "mm. Him i CH w m w, , :' Module 7 Quiz bave Answer LRAC 0 0|. Output The graph above illustrates the electricity market. Consider market competition between rms where price is based on AR and select the most appropriate answer. A O This market is imperfectly competitive with excess prots possible in the long run. B O This market is perfectly competitive with negative prots possible in the long run. This market is imperfectly competitive with excess prots possible in the short run. D O This market is perfectly competitive with excess prots possible in the short run