$slunit Competitive firm MC ATC Profit Demand MR OMAX Quantity in units/period WHAT IS WRONG WITH...

Question

Question

$slunit Competitive firm MC ATC Profit Demand MR OMAX Quantity in units/period WHAT IS WRONG WITH THIS GRAPH? G Focu 0

WHAT IS WRONG WITH THIS GRAPH? $slunit Competitive firm MC ATC P= AR MR Profit QMAX Quantity in units/period

Answer 1

Answer #1

maximized at MR-MC In first graph, profit is so otput would be less (Q) » No Profit p*=ATE. • MC CATE po MR Qmax * IN second

Answer 2

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