Question: Consider the graph below. Suppose q0 = 100, po = $60, and ATC - $30 at 100 units. Is the profit-maximizing firm in an oligopoly

Consider the graph below. Suppose q0 = 100, po = $60,

Consider the graph below. Suppose q0 = 100, po = $60, and ATC - $30 at 100 units. Is the profit-maximizing firm in an oligopoly market making a profit or loss, and by how much? Price S = MC ATC AVC MR = MC ATC AVC Firm Demand MR Quantity of Output Firm

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