Refer to the diagrams. With the industry structures represented by diagram
A)(B), there will be allocative efficiency.
B)(A), economic profit can persist in the long run.
C)(B), output will be less than in diagram (A).
D)(B), output will be the same as in diagram (A).

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The Answer of  Refer to the diagrams. With the industry structures represented by diagram
A)(B), there will be allocative efficiency.
B)(A), economic profit can persist in the long run.
C)(B), output will be less than in diagram (A).
D)(B), output will be the same as in diagram (A).

Refer to the Diagrams