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Price and cost MC ATC Quantity OF 22 QUESTIONS COMPLETEDThe curves show the marginal revenue (MR), marginal cost (MC), and average total cost (ATC) functions for a firm in a competitive market. Use the area tool to draw the area representing the maximum profit the firm could earn—that is, the profit the firm would earn if it produced the optimal quantity. Your answer should be a rectangle drawn with four corners.

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The optimal output is at the intersection of MR and MC curve. The profit is the difference between total revenue and total co

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