(4 points) The 11113131ng Dairy Cooperative makes cheddar cheese and the market structure of the cheddar cheese industry is monopolistic competition. Suppose that currentlyeach cheese _ making rm moms a loss. Draw a diagram for a typical firm to show this short-run situation. Then, in a separate diagram, show what will happen to the typical cheese making rm In the long run. Explain your reasoning. (Hint draw a graph for a rm m a market that has too many rms In it, all of them losing money; then, draw a graph for the surviving rm In the same market after other rms haVe exited the market due to their losses. You also may want to review the example graphs in textbook.)