Suppose the figure to the right represents the market for a particular brand of soap such as Zest, K 4.00 Dove, or Ivory. 3.80 3.60- Suppose also that the market is monopolistically competitive and the firm behaves optimally to 3.40 Me maximize profit. 3.20- 3.00- ATC Use the rectangle drawing tool to shade in the firm's economic profit or loss. Properly label the 2.80 object. 2.60- 2.40- Carefully follow the instructions above, and only draw the required objects. 2.20- Price and cost (per pack) 2.00- In the long run, will new firms enter the market or will existing firms exit? 1.80- 1.60 1.40- In the long run, 1.20- 1.00- O A. firms will neither enter nor exit due to barriers. 0.80 0.60 O B. new firms will enter because the average total cost of production is decreasing. 0.40 0.20- O C. existing firms will exit because the firm is currently experiencing losses. 0.00 MR D 0 6 8 10 12 14 16 18 20 O D. existing firms will exit because the firm is currently making profit. Quantity (packs of soap in thousands) O E. new firms will enter because the firm is currently making profit