Ryan owns a beet farm. If his farm is perfectly competitive, what profits and losses can he expect to make in the short and in the long run? Question 36Select one: a. Ryan may earn economic profits or losses in the short run and in the long run. b. Ryan may earn economic profits or losses in the short run but not in the long run. c. Ryan may earn zero economic profit in the short run and profits in the long run. d. Ryan may earn zero economic profit in the short run and losses in the long run. e. Ryan may earn economic profits or losses in the long run but not in the short run.