A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are C(Q) = 50 + 10Q+2Q^2.a. How much output should the firm produce in the short run?b. What price should the firm charge in the short run?c. What are the firm’s short-run profits?d. What adjustments should be anticipated in the long run?