Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket Price1$14$821283108488568648What is the value of consumer surplus in the table above?

In the long-run equilibrium in a perfectly competitive market,

A) the firms make an economic profit. B) the firms' owners make a normal profit. C) the average total cost is maximized. D) marginal cost is at a minimum.

Explain the combined effects of these events on U.S. real GDP and the price level, starting from a position of long-run equilibrium

What will be an ideal response?