Construct a graph with AVC, ATC, and MC curves. On this graph add a marginal revenue curve for a representative firm in a perfectly competitive industry that is maximizing profits at a price of p*₁. Add a second marginal revenue curve for a firm that is minimizing losses but continues to produce when the price is p*₂. Add a third marginal revenue curve for a firm that is shutting down when the price is p*₃. Explain where you decided to place each of the marginal revenue curves and identify the shutdown point on the graph.