Question: (a) Using the data from Figure 2, calculate the firm's total profit. (b) If the firm operates at optimum efficiency, how much will its output

(a) Using the data from Figure 2, calculate the firm's total profit.
(b) If the firm operates at optimum efficiency, how much will its output be?
(c) If the firm were a perfect competitor how much would its price be in the long run?

MC 16 ATC 15 14 13 D 12 11 MR 10 4 6. 8. 10 12 14 Output CO 2. Price ($)

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