6. Deriving the short-run supply curve Consider the competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (AIC), and averape variatife cost (AVC) curves for a typical firm in the industry. For each price in the following table, use the graph to determine the number of lamps this firm would produce in order to maximize its profit. Assumn that when the price is exactly equal to the average variable cost, the firm is indifferent between producing zero lamps and the profit-maximing quantity. Also, indicate whether the firm will produce, shut down, or be indifferent between the two in the short run. Lastly, determune whether it will make a profit, suffer a loss, or break even at each price. On the following graph, use the orange ponts (square symbol) to phot points along the portion of the firm's short-run supply aurve that orresponds to prices where there is positive output. (Note: You are given more points to plot than you noed.) Suppose there are 7 firms in this industry, each of which has the cost aurves previously shown. On the following graph, twee the orange points (square symbol) to plot points along the portion of the industry's short-rury suppiy curve that corresponds to prices where there is positme outpit. (Note: You are given more points to plot than you need.) Theri, place the bhack point (plis symbol) on the graph to indicate the short-run equilibrium price and puantity in this market. Note: Dashed drop lines will automatically extend to both axes. At the current short-run market price, firms will in the short run. In the long run.