MC TC AVC DC 3 Doentity At a price of $P1 the firm will earn an economic profit At a price of $P1 the firm will produce Q1 units At a price of $P1 the firm will shut down At a price of $P1 the firm will exit the industry in the long run At a price of $P2 the firm will earn a normal profit At a price of $P2 the firm will produce approximately Q2 units At a price below $P2 the firm will shut down At a price of $P2 the firm will exit the industry in the long run At a price of $P3 the firm will earn a normal profit At a price of $P3 the firm will produce as many units as possible At a price of $P3 the firm will shut down At a price of $P3 the firm will exit the industry in the long run At a price of $P4 the firm will earn an economic profit At a price of $P4 the firm will produce approximately Q5 units )At a price of $P4 the firm will shut down At a price of $P4 the firm will exit the industry in the long run