Suppose that the market for black sweaters is a perfectly competitive market. The following graph shows the daily cost curves of a firm operating in this market. (? 50 45 Profit or Loss 40 ATC AVC 10...

please also do the graph and the choices for the first blank is 2000, 7500, 8000, 10000

and the choices for the second blank is profit or economic loss

thank you!!!

Extracted text: Suppose that the market for black sweaters is a perfectly competitive market. The following graph shows the daily cost curves of a firm operating in this market. (? 50 45 Profit or Loss 40 ATC AVC 10 MC 5 2 4 10 12 14 16 18 20 QUANTITY (Thousands of sweaters) In the short run, at a market price of $15 per sweater, this firm will choose to produce v sweaters per day. On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $15 and the firm chooses to produce the quantity you already selected. Note: In the following question, you should enter a positive number in the numeric entry field. The area of this rectangle indicates that the firm's would be s per day. PRICE (Dollars per sweater)