Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where MR = MC). At that output level, ATC per meal is $10 and consumers are willing to pay $12 per meal. Instructions: Enter your answers as a whole number. a, What Is this firm's profit or loss? 520 b. Will there be entry or exit? Entry Will this restaurant's demand curve shift left or right? Lon In long run equilibrium, suppose that this restaurant charges $11 per meal for 180 meals and that the marginal cost of the 180th meal Is $8 Suppose that the allocationy efficient output level in long run equilibrium Is 210 meals. c. What is the size of the firm's economic profit? d. is the deadweight loss for this firm greater than or less than $90