Suppose the figure to the right represents the market for a particular brand of soap such as Zest, Dove, or Ivory. Suppose also that the market is monopolistically competitive and the firm behaves optimally to maximize profit. Use the rectangle drawing tool to shade in the firm's economic profit or loss. Properly label the object. Carefully follow the instructions above, and only draw the required objects. In the long run, will new firms enter the market or will existing firms exit? Price and cost (per pack) In the long run. 1.6 O) A. new firms will enter because the average total cost of production is decreasing 1 4 O B. existing firms will exit because the firm is currently experiencing losses 1.10 O C. firms will neither enter nor exit due to barriers. D.60 0.40- O D. new firms will enter because the firm is currently experiencing losses. D.20- 0.00 8 10 12 14 16 18 20 O'E. new firms will enter because the firm is currently making profit. Quantity (packs ofsoap in thous ands)