Question: 16th Assignment Consider a firm with total costs of TC = 12 + -Q2 (and a marginal cost of -Q, MC = -Q) facing

16th Assignment Consider a firm with total costs of TC = 12

16th Assignment Consider a firm with total costs of TC = 12 + -Q2 (and a marginal cost of -Q, MC = -Q) facing a price of $8 1) Graph the firm average cost format and label the and 2) Calculate and annotate any profit or loss on the graph labeling, P, Q* and ATC*

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