kindly assist

Question 11 2 pts When MR = MC and P = ATC for a monopolistically competitive firm, the firm is in short-run disequilibrium. long-run disequilibrium. long-run equilibrium. O neither short-run nor long-run equilibrium. Question 12 2 pts $ MC 16 ATC 14 3 12 10 D MR 20 23 25 30 Number of haircuts Refer to the graph above, which represents the demand and cost curves for Neat and Trim Barber Shop, a monopolistically competitive firm. The profit-maximizing number of haircuts for the Barber Shop is O 20 O 23 O 25 30 some value less than 20Question 13 2 pts Refer to the graph again. The profit-maximizing price of haircuts by Neat and Trim is O $10 O $12 O $14 O $16 some price less than $10 Question 14 2 pts If Neat and Trim maximizes profits, it of $80. receives a total revenue O earns a profit has a total cost O suffers a lossQuestion 15 2 pts If Neat and Trim maximizes profits, its equals $320. total cost total revenue O profit variable cost average cost marginal cost marginal revenue Question 16 2 pts If Neat and Trim maximizes profits, its is $240. total revenue total cost profit marginal revenue average cost O marginal cost O priceD Question 17 2 pts Refer to the graph. From society's point of view, the efficient output level is haircuts. O 20 O 23 O 25 O 30 O whatever amount of haircuts that occur at the horizontal intercept of the demand function D Question 18 2 pts Refer to the graph again. Suppose that the profits or losses incurred by Neat and Trim are a reflection of the Barber Shop industry as a whole. In the Barber Shop industry, in the long run, O firms will continue to earn economic profits. O firms will enter until all firms earn zero economic profit. O product demand will become perfectly inelastic the government will impose price controls to eliminate any economic profits