In a Competitive Market the Current Price Is $7,and the Typical

In a competitive market the current price is $7,and the typical firm in the market has ATC = $7.50 and AVC = $7.15.

A) In the short run firms will shut down, and in the long run firms will leave the market.
B) In the short run firms will continue to operate, but in the long run firms will leave the market.
C) New firms will likely enter this market to capture any remaining economic profits.
D) In the long run the market will cease to exist.