solve with in 15 min

8 ATC20 ATCSo A ATCy ATCAO Cost per unit 6 Long-run B D 5 average cost (LRAC) C 0 5 10 15 20 25 30 35 40 45 50 Thousands of CDs per week The figure above shows the long-run and short-run cost curves in a perfectly competitive market. Suppose the current short-run ATC curve is ATC50. If P=6, is the short-run profit positive, zero, or negative? Why? What will happen to the number of firms, price, fixed input, and profit in the long run? Why? Explain