Question: LR decision by a comp firm 1 @ $ Which Q* is chosen? How much is total profit/total loss? MC AC P=AR=MR Question 2:

LR decision by a comp firm 1 @ $ Which Q* is

LR decision by a comp firm 1 @ $ Which Q* is chosen? How much is total profit/total loss? MC AC P=AR=MR Question 2: SR decision by a comp firm 1 $ Which Q* is chosen? How much is total profit/total loss? Can the AFC be seen in the graph? MC ATC AVC P=AR=MR Question 3: SR decision by a comp firm 3 $ Which Q* is chosen? How much is total profit/total loss? MC ATC AVC P=AR=MR

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