Sarah's Salmon Farm produced 1,000 fish last week. The marginal cost was$30 a fish, average variable cost was420 a fish, and the market price was $25 a fish. Did Sarah maximize profit?Enumerate the main features of this market and explain the short run profit and loss situation with the help of diagram. Do firms enter or exit the market and what is her profit in the long run?

The most important for the answer to use the diagram