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4 10 points eBook Print References Answer the following question based on the graph below, which is for Bli the industry. Price, costs 72

4 10 points eBook Print References Answer the following question based on the graph below, which is for Bli the industry. Price, costs 72 60 48 36 24 12 0 20 No D Yes e. Is the current situation long-run equilibrium? MR AC MC 150 300 450 600 750 900 10501 200350 500 Quantity per period a. What is the profit-maximizing output? Output:[ b. What price will the firm charge? Price: $ c. How much excess capacity exists at the output in (a)? Excess capacity: [ d. Is Blue Smooth making economic profits?

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