Question: please answer ASAP Question 39 2.5 points Save Answer A monopolistically competitive firm has a total cost curve represented by TC = 350 + 3Q

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Question 39 2.5 points Save Answer A monopolistically competitive firm has a total cost curve represented by TC = 350 + 3Q + Q2 and a marginal cost represented by MC = 3 + 2Q. The firm faces the demand curve P = 45 - 0.5Q. What do we expect to happen in the long run? Additional firms will enter the Industry and this firm's profit will decrease. O This firm will sell its product at marginal cost. The firm will earn an economic profit in the long run. O Firms will exit the Industry, but If this firm remains its profits will Increase

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