Suppose that the typical firm in this Perfectly Competitive industry is producing the profit maximizing/loss minimizing output level with plant SRATC3. If the market price is $62, Group of answer choices The industry is not in equilibrium because firms have an incentive to increase their output level The industry is not in equilibrium because firms have an incentive to contract their plant size None of these answers is correct The industry is not in equilibrium, firms will exit because they are incurring losses The industry is not in equilibrium because firms have an incentive to expand their plant size The industry is in equilibrium