the answers i picked are both wrong

P Price Pa Q, Q2 Q Q , Quantity A business with the production costs above is operating in a competitive market with the price at P4. What is likely to happen in the long run? O The firm will exit the market because the price is higher than its marginal cost. The firm will lower its price to attract more consumers. Other firms will enter the market and lower the price. O The firm will see its marginal cost rise, forcing it to lower production. The firm will operate until its fixed costs are variable and then shut down. Points earned on this question: 0P Price Q3 Q , Quantity If the price that the business with the production costs above is able to charge for its product is at P,, what does the theory of the firm suggest they should do? O Operate in the short run and exit the market in the long run. O Shut down in the short run. O Decrease production to lower costs. O Operate in the short run and stay in the market, enjoying economic profits. O Operate in the short run and stay in the market, enjoying accounting profits