urgent

2. a) Suppose a monopolistically competitive firm operates in a long run which produces 40 units of output at 120 taka per-unit cost (average total cost). Also, MC of producing 40-unit output is 60 taka. By using this information, show the long run situation of a monopolistically competitive firm in an appropriate diagram. Show all the relevant information in your diagram. b) Calculate excess capacity if socially efficient output is 100 units. Show it in graph too. [3+1] [Note: a) and b) are related questions]