Refer to the above diagram. To maximize profit or minimize losses this firm will produce: A) D units at price J B) E units at price B C) E units at pric

Assignment Instructions: Find the Graphs for a Pure Competition Firm  Do a Google Images and find the graphs for a perfectly competitive firm.   graphs must include the following specific graphs:  Find the graph for short run economic loss for the firm.  Find the graph for short run economic profit for the firm.  Find the graph for long run – normal profit for the firm.  Make sure the graphs show the area of economic profit or loss.

Refer to the figure above. When the demand curve is given by P2 = $15, this firm should ______ A. continue to operate in the short run and think about shutting down in the long run B. discontinue operation in the short run since there is a loss when operating. C. keep operating as long as loss is not greater than total cost D. discontinue operation in the short run since average total cost is greater than price.   When the demand is P3 = $10, this firm should ______ A. continue to operate in the short run and think about shutting down in the long run B. discontinue operation in the short run since the firm is unable to cover variable costs. C. keep operating as long as loss is not greater than total cost D. discontinue operation in the short run since average total cost is greater than price.

If a perfect competitor was earning an economic profit in the short run, would this situation continue through the long run? Why or why not? (Answer with diagram)  Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.