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Which of the following statements is correct regarding the perfectly competitive industry? [1] In the long run, firms' economic profit can take any value

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Which of the following statements is correct regarding the perfectly competitive industry? [1] In the long run, firms' economic profit can take any value. [2] Firms will always make positive economic profit in the long run, unlike in the short run. A firm making zero economic profit is essentially covering all the opportunity costs of production. [4] Due to free entry and exit, the level of production efficiency for a firm is greater in the short run than in the long run. [5] Firms face the same equilibrium quantity in the short run and long run since price is the same in both time periods.