A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm estimates its total costs as CQ)=60+14Q+2Q a. How much output should the firm produce in the short run? units b. What price should the firm charge in the short run? $ c. What are the firm's short-run profits? d. What adjustments should be anticipated in the long run? O Entry will occur until economic profits shrink to zero. O Exit will occur since these economic profits are too low, O No firms will enter or exit at these profits