Lotus Airways Is a Passenger Carrying Airline and Has Total

Lotus Airways is a passenger carrying airline and has total revenue of $900,000, fixed costs of $500,000, and variable costs of $400,000. What is true if Lotus Airways operates in a perfectly competitive industry?

A) This market is in long-run equilibrium.
B) Lotus Airways should shut down.
C) Lotus Airways should exit the industry
D) Other airlines will enter this industry.