Question: Don't get these questions pls help they're shown below Use the graph to answer the free-response question. Show any calculations and be sure to label

 Don't get these questions pls help they're shown below Use the

Don't get these questions pls help they're shown below

graph to answer the free-response question. Show any calculations and be sure

Use the graph to answer the free-response question. Show any calculations and be sure to label your response MC $10 ATC AVC Price 14 15 12 Assume that the firm above operates in a perfectly competitive market a. Which labeled price (s) could be the market price if this firm is earning positive economic profits? b. Explain how the short-run price(s) from part (a) could get to the long-run equilibrium price level. c. At which labeled price(s) from the graph would the firm operate in the short run but leave the market in the long run? di If the short-run market price is $8, what will this firm's total revenue be? e. If the government instituted a per-unit tax, which curve(s) above would move

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!