The figure represents the market for peaches. Assume the market for peaches is perfectly competitive and a constant-cost industry. Also assume the industry is initially in long-run equilibrium. Part 2 Then, the demand for peaches , as shown, from to . Part 3 Use the line drawing tool to draw the new market supply curve () and the long-run industry supply curve (). Properly label this line. Part 4 Carefully follow the instructions above, and only draw the required objects.What determines entry and exit of firms in a perfectly competitive industry in the long run? Part 2 In a perfectly competitive industry in the long run, Part 3 A. new firms will enter if market demand exceeds market supply and existing firms will exit if market supply exceeds market demand. B. new firms will enter if existing firms are making a profit and existing firms will exit if they are breaking even or experiencing losses. C. new firms cannot enter the market due to barriers but existing firms will exit if they are experiencing losses. D. new firms will enter if existing firms are making a profit and existing firms will exit if they are experiencing losses. E. new firms