Question 19 1 pts A perfectly competitive firm initially is earning zero economic profit. Then, a increase in demand for the firm's product occurs. Of the following, in the long run which action listed below are the firms most likely to take? O Increase the quantity it produces. O Enter the market. O Increase the size of its plant. O Increase its advertising to increase the demand for its product. Question 20 1 pts The market for maple syrup is perfectly competitive. Suppose that the market is in long-run equilibrium when the market demand for maple syrup increases. After the demand increases, a typical firm will O make zero economic profit. O incur an economic loss. O exit the market. O make an economic profit