The graph shows the demand curve, marginal revenue curve, and marginal cost curve of Walk Fit, Inc., a producer of hiking boots in monopolistic competition. In the long run, will new firms enter the boot market or will firms exit from that market? Will the price of a boot rise or fall? Question content area bottom left Part 1 Because Walk Fit is making an economic profit, _______. A. Walk Fit will increase production B. the industry is in long-run equilibrium C. other firms enter the industry D. other firms exit the industry