Use the following to answer questions: 
-(Table: Cherry Farm) Look at the table Cherry Farm. If Hank and Helen have one of 100 identical farms in the perfectly competitive cherry industry, explain how Hank and Helen and the industry will react in the short run and the long run to a price of $3.75 per pound for cherries.
Definitions:
Descriptive Norms
Social norms that describe what behaviors are typically performed by members of a social group, indicating what is commonly done in a given situation.
Automatic Responding
Behaviors or reactions that occur without conscious thought, often as a result of learned associations or ingrained habits.
Unusual Requests
Requests that are out of the ordinary, unexpected, or not typical.
Physical Distance
The measurable space between objects or individuals, often influencing social interaction and communication.
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