Please answer this 5 questions asap and draw diagrams

Question 1: The market for fertiliser is perfectly competitive. currently incurring economic losses. Firms in the market are producing output but a. How does the price of fertiliser compare to ATC, AVC and MC of producing fertiliser? b. Draw 2 graphs side by side showing the present situation forthe firm: and for the market, . (1. Assuming there' IS no change In demand or the firm' 5 cost cuwejs explain what will happen In the long run to the price offertiliser, marginal cost average total cost, quantity supplied by each firm and the total supplied to the market. Question 2: a. Draw a diagram and carefully explain how a perfectly competitive firm chooses a profit maximising level of output, ' b. Why would a perfectly competitive firm choose to produce at a loss in: the short term rather than close down? c. Explain how the characteristics of perfect competition impact on the firms ability to maintain economic profits. Question 3: in a perfectiy competitive market, what are the conditions necessary for firms to achieve long runequilibrium? Explain how these conditions impact the equilibrium price and quantity. Question 4;: How does an increase in market demand for a: product in a- perfectly competitive market affectthe short-run and longrun equilibrium? Show on a diagram and-discuss the adjustments firms make in terms of price and quantity to reach the new equilibrium. Question 5: What role does market entry and exit play' In a perfectly competitive market? Explain how the , entry or exit affirms in response to profit OI loss influences the market price and quantity in , both the short run and the long run