0n the previous graph, use the blue rectangle ("circle smbels) to shade the area representing the rm's prot or loss if [1'19 market pn'ce is $15 and the rm chooses to produce the quantity you already selected. Note: In the following question, you should enter a positive number in the numeric entry eld. The area of this rectangle indicates that the nn's V would be per day. 4. Prot maximization in the costcurve diagram Suppose that the market for black sweaters is a perfectly competitive market. The following graph shows the daily.r cost curves of a rm operating in this market. 50 8 8 45 Profit or Loss 40 35 30 ATC PRICE (Dollars per sweater) 25 20 15 AVC 10 MC 5 2 4 10 12 14 16 18 20 QUANTITY (Thousands of sweaters) In the short run, at a market price of $15 per sweater, this firm will choose to produce sweaters per day.On the previous graph, use the blue rectahgie (circle symbols) to shade the area representing the rm's prot or loss if the market price is $15 and the rm chooses to produce the quantity you al - - Note: In the following question; you should enter economic loss r in the numeric entry eld. The area of this rectangle indicates that the rrn's v would be per day