• Draw a graph illustrating a competitive market for hamburgers where 10 identical firms all sell 100 burgers, and where the price of a hamburger is $4.00.
• On a separate graph, draw an individual firm operating in that market.
• Now, imagine that there is a successful advertising campaign that promotes veganism. On the first graph, which shows the market, draw what the impact of that campaign might look like in the short run and the long run. Explain your reasoning for both.
• On the second graph, which shows the individual firm, draw what the impact of that campaign might look like in the short run and the long run. Explain your reasoning for both