MC ATC 12 AVC 1000 1500 1800 Use the graph above to answer the following questions. The graph represents a perfectly competitive firm where the market price is $4 The profit maximizing point of production is The total revenue earned by this firm is S The total cost incurred by this firm is S The total profit eamed by this firm is S This firm will "shut down" or "continue"? The long run market price should be $ according to the graph above