Question: Below, the graph on the left shows the short - run cost curves for a firm in a perfectly competitive market, and the graph on

Below, the graph on the left shows the short

-

run cost curves for a firm in a perfectly competitive market, and the graph on the right shows the current market conditions in this industry. What is the maximum amount of profit the firm can earn?

Industry output

Below, the graph on the left shows the short -

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