Could please answer the question(25-4) by printing Not handwriting

Ch.25 25-2. Consider the diagram depicting the demand and cost conditions faced by a monopolistically competitive firm. a. What are the total revenues, total costs, and economic profits experienced by this firm? b. Is this firm more likely in short- or long-run equilibrium? Explain. MC 28 ATC Revenues and Costs ($ per unit) MR 100 160 Output (units per day) 25-3. In a perfectly competitive market, price equals marginal cost, but this condition is not satisfied for the firm with the revenue and cost conditions depicted in Problem 25-2. In the long run, what would happen if the government decided to require the firm in Problem 25-2 to charge a price equal to marginal cost at the firm's long-run output rate? 25-4. Based on your answer to Problem25-3, is the firm with the revenue and cost conditions depicted in Problem 25-2 charging a price in excess of the minimum price necessary to induce it to provide this good in long-run equilibrium? Explain your reasoning