Question: Refer to the third graph and answer the following three questions. Total Revenue = Total Cost = In long-run equilibrium the market price will be?

Refer to the third graph and answer the following three questions.

Total Revenue =

Total Cost =

In long-run equilibrium the market price will be?

Graph 3 to be used for Question 22 ortance $12.5 MC ATC $10.0 P=MR 8.0 11 $7.5 - ------ $5.0 -- $2.5 0 0005 weg 10 20 30 40 50 60 70 80 90 100 110 120 130 Quantity I-etano 0

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