Price ATC MC PS AC AR MR AR AR - D MR Quamity Output Output Nike Skechers Starbird MC AC pr.. ACS AC- P AR ARD O Output Output Output Reebok Adidas Under Armour1. Given the analysis of the graphs, what will happen to the number of firms in the market? 2. Discuss the firm's ability to control its individual market vs. the athletic shoe market. 3. Should any/a firm advertise? Why? 4. In theory, in the Long Run what will happen in this market? 5. In practice, Nike is THE dominant brand. Are consumers going to leave Nike