The graph below summarizes the demand and costs for a firm that operates in a perfectly competitive market.

a$)$ What level of output should this firm produce in the short run?

b$)$ What price should this firm charge in the short run?

c$)$ What is the firm's total cost at this level of output?

d$)$ What is the firm's total variable cost at this level of output?

e$)$ What is the firm's fixed cost at this level of output?

f$)$ What is the firm's profit if it produces this level of output?

g$)$ What is the firm's profit if it shuts down?

h$)$ In the short run, should this firm continue to operate or shut down? Please explain the reasoning.

i$)$ What if the price drops to $$14?$ Should the firm continue to operate or shut down? Please explain the reasoning.

j$)$ What would be the factor or change in the perfectly competitive market that would lead to a price reduction?