Question 14 5 pts Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are experiencing economic profits. In the long run, we can expect: 1) choose the one you think is correct, 2) explain why this is correct or choose one incorrect option and explain why that option is incorrect (use theories you learnt from the course to explain, give proper calculation if needed) A. New firms to enter, and the industry's supply to increase B. New firms to enter, and the industry's supply to decrease C. Some firms to exit, and the industry's supply to increase D. Some firms to exit, and the industry's supply to decrease Edit View Insert Format Tools Table 12pt Paragraph B J U A BV Tv