Answer the following 7 questions using the figure: S Firm P SMC 210 ATC 210 175 175 - 140 140 105 105 X 70 70 35 35 0 Q 300 600 900 1200 1500 216,000 432,000 The graph on the left shows the short-run cost curves for a firm in a perfectly competitive market. The graph on the right shows the current market conditions in this industry. 1) Marginal Revenue for the FIRM from selling the 900" unit of output is $ 2) In order to maximize profit, the firm should produce units. 3) Total Revenue at the profit-maximizing level of output is $ 4) Total Cost at the profit-maximizing level of output is $ 5) The maximum profit the firm can earn is $ 6) The number of firms in this market is 7) What do you expect to happen in the long-run? Select all that applies: JA. Market supply will increase. O B. Market supply will decrease. C. Market price will increase. O D. Market price will decrease. DE. The firm's profit will increase. OF. The firm's profit will decrease