3. Short-run supply curve for perfectly competitive rm A. Graph the short-run supply curve for a perfectly competitive firm and explain where this short-run supply curve lies. Indicate the following curves on your graph: marginal cost curve, marginal revenue curve, average-totaI-cost curve, average-variable-cost curve, short-run supply curve. (5 points) B. What information does the short-run supply curve convey? When used in conjunction with the average-variabIe-cost curve, what does the supply curve tell a firm about its prots? (2 points) C. Explain where on your graph from part A you can find the shutdown point, the break-even point, and the profit maximization point for a firm in a perfectly competitive industry. Indicate these points on your graph. (Copy the graph into this answer to do so.) (2 points)