Instructions

You will be comparing three graphs (profits, break-even, and losses) for the TWO market structures we have covered (perfect competition and monopoly). Hand-drawn graphs are required for this assignment. Copy/pasting graphs from the internet will not earn points.

Directions

Set up your paper with TWO rows of three graphs. In total, you will have 6 graphs

You will start by drawing the demand curve for each graph (I did this in the video). You will need to add in the ATC, AVC, MR, and MC curves to each graph to show either profits, break-even, or losses. You need to follow the format on the picture I uploaded to show, please. Two rows, the first row is the 3 pictures of Perfect Competition, and the second row is the 3 pictures of Monopoly, a total of 6 pictures.

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