Question: Draw two graphs: One graph showing the market ( label supply / demand ) , and the 2 n d graph showing MR , MC

Draw two graphs: One graph showing the market (label supply/demand), and the 2nd graph showing MR, MC, and ATC for the firm. Suppose the market price is $5, and the profit maximizing quantity is 20 units. Label everything, and show the profit maximizing point. Why are firms price takers in a competitive market? Explain.
Draw two graphs: One graph showing the market (label supply/demand), and

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