In the above scenario, the model of perfect competition predicts that market price of avocados would not stay $5 in the long run. Explain, according to the model, how and why the price changes, and at what price does the model predict will settle at in the long run. Please explain your answer here as if | have never taken an economics course. Edit View Insert Format Tools Table B I U Av &+ T 12pt ~ Paragraph -- @ Owords > [/ The following graph shows the short-run cost curves form Alejandra's Avocados, an avocado seller in the perfectly competitive avocado market. Use the graph to answer the guestions below. $68.50 | 56 56.50 1 55 4.50 | 84 $3.60 | 53 $2.60 | Price per Avocado $2 | 21.50 51 $0.50 0 100 200 300 400 500 600 700 800 Guantity of Avocados For the following questions, use the above graph. Assume any line very nearly touching a eridline is on the gridline. a) If the market price for an avocado is $5, how many avocados will Alejandra produce to maximize her profit? Awocados {enter just the number of avocados, without units) For the last three responses, enter your answer without a dollar sign and without any commas. Round to the nearest dollar if necessary and do not enter any cents. {b) At the 5 market price, what is the total revenue generated from avocado production? & {) At the 55 market price, what is the total cost incurred from the avocado? {b) At the $5 market price, what is the profit/loss from producing the avocados