Two graphsThe first graph represents the short-run equilibrium under perfect competition for a firm suffering minimum loss. The second graph represents the equilibrium under perfect competition for the entire industry. Which of the following statements is correct? Multiple Choice The diagrams portray long-run equilibrium, but not short-run equilibrium. The diagrams portray neither long-run nor short-run equilibrium. The diagrams portray both long-run and short-run equilibrium. The diagrams portray short-run equilibrium, but not long-run equilibrium. The diagrams both portray intermediate-run equilibrium