The mayor of Stockville is seeking reelection and is campaigning on the platform of fair competition. He believes that the local fast-food industry is making too much profit at the expense of the consumer. He vows to impose price ceilings on all menu items to keep prices low for all fast food restaurants. What is the likely result of the price ceiling in this monopolistically competitive industry? Select one: O a. The price ceiling will generate long-run economic losses. O b. The price ceiling will generate long-run economic profits. O c. A neighboring town will subsidize the menu pricing. O d. A price ceiling without a proportional price floor will create an untenable production balance. O e. A spike in fast food consumption will result in a long-run decline in health, drastically reducing demand for fast food