In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market. Use both diagrams to answer the following question: In Figure 23.3, at a price of p₃ in the long run A) Firms will enter the market. B) Economic profits equal zero. C) Firms will exit the market. D) P = ATC.

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The Answer of In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market. Use both diagrams to answer the following question: In Figure 23.3, at a price of p₃ in the long run A) Firms will enter the market. B) Economic profits equal zero. C) Firms will exit the market. D) P = ATC.