Suppose Pat's Pears is a local farm participating in the perfectly competitive pear market. Currently, Pat is selling 400 pears per week at the market price of $1 each. Pat's Average Variable Cost is $ .75 and Total Fixed Cost is $200. Use this information to answer the following:

1. Can Pat pay TVC?
2. Can Pat pay TC?
3. How much Economic Profit is Pat making per week?
4. Assuming other pear farmers are experiencing the same market conditions, what can we expect to happen to the number of pear farmers in the market?