A customer places an order to sell 100 ABC at 25 Stop Limit, when ABC stock is trading at $29. The company is restructuring and has announced a special dividend of $1.60 to be paid to shareholders of record. On the ex date, the order will:

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.