Question: Consider the graph below. Suppose qo = 300, po = $40, and ATC = $25 at 300 units. Is the profit-maximizing firm in an oligopoly

Consider the graph below. Suppose qo = 300, po = $40,

Consider the graph below. Suppose qo = 300, po = $40, and ATC = $25 at 300 units. Is the profit-maximizing firm in an oligopoly market making a profit or loss, and by how mu Price A S = MC ATC AVC MR = MC ATC AVC Firm MR O Quantity of Output Firm O $4,500 profit O -$4,500 loss O -$7,500 loss $12,000 profit

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