a. What is the Profit Maximizing/Loss Minimizing output for…

a. What is the Profit Maximizing/Loss Minimizing output for the Perfectly Competitive firm in the graph above? b.What is the Profit Maximizing/Loss Minimizing price for the Perfectly Competitive firm in the graph above? c. Is this firm earning a profit or suffering a loss? d. In the short-run, will this firm continue production or shut down?