8. Assume the market is currently at the equilibrium price and quantity as illustrated in the market diagram below. Using the shape function, draw a line to illustrate if profits are positive or negative for the firm. Draw a representation of the adjustment to long-run equilibrium in this market. Be sure to include any shifts in the market supply or demand diagrams. Describe the adjustment to price and quantity as the market moves toward long-run equilibrium. Market Marginal Cost and Average Cost Cards Market Quantity quantity