That will increase the supply and push the price down until all firms earn zero economic profits. In the long-run, potential entrants would see the profits being earned by firms and would enter the market (since there are no barriers to entry). This graph can not be a long-run equilibrium.P>MC, they could earn additional profits by producing more. If firms produced more than that, they would be taking a loss on the extra production. Illustrated as the green rectangle in the graph.
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