Assume that Isaac's bagel shop operates in a Perfectly competitive market. The market price for bagels is $3.00 per bagel. Isaac's bagel shop sells 2,000 bagels Per day at this price and their average Total cost of 2,000 bagels is $2.50. a) Calculate Isaac's profit or loss (Make sure your answer includes the explanation Of how you got the numbers). b) Explain what will happen in the long run, Both for the individual Producer (Isaac) and for the industry