Policyholder m insures her owner-occupied single family residence under a dwelling property policy (dp-3) with a limit of $100,000. if the dwelling is damaged in a fire, what policy coverage will pay for m's extra costs to stay in a motel and board her pets while the fire damage is being repaired?

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.