Figure D (below) shows the demand curve, marginal revenue curve and cost curves of Smells Like Child Labour. a producer of running shoes operating in a monopolistically competitive market. a) In the short run. what quantity does Smells Like Child Labour produce and what price does it charge? 1 mark. b) Do you expect rms to enter the running shoes market or exit from that market in the long run? How are this rm's prots likely to be affected? 2 marks. Figure D Price and cost (dollars per pair) |25 IOO 75 50 25 0 ICC 200 300 400 Quantity (pairs per week)