Explain what elasticity of demand means inImagine you own an orange farm in Florida. You are one of the thousands of orange farmers in Florida. Based on this scenario and the readings for the week, answer the following questions: Discuss why your orange farm business is likely a perfectly competitive firm. Describe a scenario where you would want to stay in business despite operating at a loss. [Hint: this has to do with the concept of shutdown price.] Discuss why an orange farm like yours will likely have zero economic profits in the long run. Explain why this orange farm is likely to be allocatively and productively efficient. your own words. Support your explanation with a suitable example