(i) Using the information'contained in table 2 is the firm making an economic profit, normal profit or economic loss? Explain your answer. (2 marks) (ii) Using the information contained in table 2, what will be the likely impact on market price and the profitability of firms that remain in the industry in the long ' -' run? Explain your answer. ~ ' (5 marks) ; a firm producing a profit maximising quantity guarantee the'; gi 33' Lain. ' l , a