Question: Instructions (Mandatory) >Scan each created diagram and submit all four diagrams in one PDF file. Before scanning, make sure to show (mark and shade) the


Instructions (Mandatory) >Scan each created diagram and submit all four diagrams in one PDF file. Before scanning, make sure to show (mark and shade) the equilibrium status in the long run, AFTER the advertising campaign is executed, represented by all of the following: The equilibrium market price (mark it as "P2" on the vertical axis). The Watsonia's equilibrium level of the long-run average cost (mark it as " LAC2" on the vertical axis). The Watsonia's long-run equilibrium output (mark it as " Q*" on the horizontal axis) The long-run profit area (shade the profit area). Type on the shaded area either "Positive Profits" or "Negative Profits" depending on whether there are positive or negative profits, respectively. If there is "Zero Profits," do not type anything or shade anything. In other words, no shadings means that profits equal zero after the advertising campaign is executed. Important: Only shade the profit areas AFTER the advertising campaign is executed. Do not show (shade) the profit areas before the advertising campaign is executed
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