Plz answer the following frq. This question requires graphing. Better off provide a digital version of the answer rather than a handwriting one. If a digital answer is not available, then plz offer an easy-to-interpret one.

, Rice is produced in a perfectly competitive industry. Grand Farm is a typical rm in the rice industry earning a positive economic prot. a. Using correctly labeled side-byside graphs for the rice industry and Grand Farm, show each of the following in the short run. i. The industry price and quantity, labeled PM and QM ii. Grand Farm's demand curve and marginal revenue curve, labeled DF and MRF iii. Grand Farm's quantity of output, labeled QF iv. Grand Farm's prot, shaded completely In the long run, what happens to each of the following? i. The number of rms in the industry. Explain. ii. The equilibrium price; does it increase, decrease, or remain the same relative to PM '1' Suppose Lori's Quick Eats sells fried rice in a monopolistically competitive fast-food industry. Lori's Quick Eats is earning positive economic prots in the short run. Using a correctly labeled graph for this monopolistically competitive rm, show each of the following in the short run. i. The demand and marginal revenue curves, labeled DL and MRI. ii. The marginal cost and average total cost curves, labeled MC and ATC iii. The prot-maximizing price and quantity, labeled PL and QL Draw a correctly labeled graph for Lori's Quick Eats in long-run equilibrium showing the demand curve and the long-run average total cost curve