If there are short-run profits in a competitive industry, will firms enter or exit over the long run? At what point will the final equilibrium be achieved?

In the above figure, which of the graphs demonstrates a curve with a decreasing slope, that is, a slope getting smaller in magnitude as x increases?

A) Figure A B) Figure B C) Figure C D) Figure D

A consumer's indifference curves can never cross

Indicate whether the statement is true or false