Graph the following and explain the graph pretty please?a) supply curve in Short run and...

Graph the following and explain the graph pretty please?

a) supply curve in Short run and Long run in a perfectly competitive Firm

b) supply curve in Short run and Long run in a Market in a perfectly competitive Market

c) Long run equilibrium in perfect competition firm-market

Expert Solution

Supply curve of firm in short run.

supply curve of industry in short run.

supply of firm and industry in long run will depend on whether input industry is constant cost increasing cost or diminishing cost.

Long run equilibrium of firm and industry.

Rahul Sunny answered 2 years ago

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