please help me answer the following in a step by step process

H 11. An increase in the price of shirts will cause rms 13o the industry, and as output increases, the cost of production increases. Entry of rms will continue until equalIs 12 14. Your rm has a price of $5, an average cost of $?, and an average variable cost of $4. In the short run you should because exceeds 15 1E. The competitive market's demand curve is sloping while that of the competitive IE'I'I'! is 1? 18. If the market price equals a rm 5 break even price, the rms earns prot because equals 19 2E. For a perfectly competitive rm, marginal revenue equals and to maximize prot the rm produces the quantity at Whid't equals II. Answer the following queetionsfrequirements completely. Llse necessary illustrations with complete labels. 1. Bastj's Coffee operates in a competitive market. 111e short run price in the coffee market is equal to Basti's Coffee average variable cost. a. Using two correctlyr Fabeled graphs show the coffee market side by side with Basti's Coffee. Clearly indicate which graph represents the market and which represents Bastj's Coffee. In your graph identify: 1'. price and quantity in the coffee market ii. price and quantity for Bastj's Coffee _ iii. The area of economic prot or loss for Bastj's Coffee b. In a new set of graphs for both the market and Basti's Coffee, show the long run adjustments in each of the following: i. price and quantity in the coffee market ii. price and quantity for Eas's Coffee