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Question 12 Not yet MC answered 20 LRAC Marked out of 1.00 16 Price and costs (dollars per pizza F. Flag question MR 8 o

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Question 12 Not yet MC answered 20 LRAC Marked out of 1.00 16 Price and costs (dollars per pizza F. Flag question MR 8 o 100 200 300 400 Quantity (pizzas per day The figure above shows the marginal revenue and long-run cost curves for a perfectly competitive firm. Which of the following statements is TRUE? Select one: a Over time, this firm will leave this industry b. The firm is earning positive economic profit The firm is producing at minimum long-run average cost d. The firm will eventually decrease its production

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