Sharp Blades is a monopolistically competitive firm that produces lawnmowers. In recent months, the industry has experienced a decline in the demand for lawnmowers, which has caused many firms to become economically unprofitable. Below is a graph of the demand and cost curves for Sharp Blades, which show that the firm is losing money. Assume that Sharp Blades has enough reserves to sustain it through this unfavorable period. Other companies are not so lucky. As competing firms begin to exit the lawnmower industry, illustrate what will happen to Sharp Blades in the long-run by shifting the demand curve for its products in the appropriate direction. Provide your answer below: 20 Price of Lawnmowers 15 10 ATC MC Original Demand Curve 5 Demand 0 6 8 10 Quantity of Lawnmowers RESET