1. In the long run what will happen in each of these graphs of monopolistically competitive firms respectively?

A) no entry or exit; entry; exit
B) entry; no entry or exit; exit
C) exit; no entry or exit; entry
D) no entry or exit; exit; entry
E) entry; exit; no entry or exit

2. In the long run what will happen to demand for the remaining firms in the market respectively?

A) increase; no change; increase
B) decrease; no change; increase
C) increase; no change; decrease
D) increase; no change; increase
E) decrease; no change; decrease

3. If these graphs were of a monopoly rather than a monopolistically competitive firm there would be

A) entry; no entry or exit; exit
B) entry; no entry and exit; exit
C) no entry or exit; no entry or exit; no entry or exit
D) exit; no entry or exit; entry
E) entry; exit; no entry or exit