Airport security was stepped up after the attacks on September 11, 2001, and much of the additional security service was provided by private firms that operate in a competitive market. Do you think that airport security providers made an economic profit or incurred an economic loss during 2002? Question content area bottom Part 1 During 2002, airport security providers most likely _______ because the _______.
A. incurred an economic loss; supply of security increased more than the demand for security increased and the price fell
B. neither made an economic profit nor incurred an economic loss; market was perfectly competitive and in long-run equilibrium
C. made an economic profit; demand for security increased and the price rose
D. incurred an economic loss; supply of security increased and the price fell
E. made an economic profit; supply of security decreased because the job became more dangerous