The following table shows the aggregate supply and demand data for a country.

Political stability is not a prerequisite to economic growth

Indicate whether the statement is true or false

In long-run equilibrium under perfect competition,

A. the firm and the industry will have the same cost curves. B. only a very few firms will be earning economic profits. C. the demand curves facing individual firms will fall to the level of minimum AC. D. individual firms will tend to increase their outputs.