Please guide me on how to determine short run price, quantity and profit for the typical firm ? and how to it will change in the long run. (Number of firms, long run price, quantity and profitperfirm) ? Thank you.

(2) Consider that there are 25 identical firms currently in this perfectly competitive market. The current market demand is: Quantity Demanded Price 220 45 205 55 190 65 175 75 160 85 145 95 (a) On a properly labeled graph, illustrate the market demand and industry supply, and determine the short run price, quantity and profit for the typical firm. (b) Explain how this market will change in the long run. (Number of firms, long run price, quantity and profit per firm)