Question: Using the same AC and MC curves as in Figure 6.2, draw a figure similar to Figure 6.2 but showing that the firm can earn

Using the same AC and MC curves as in Figure 6.2, draw a figure similar to Figure 6.2 but showing that the firm can earn a profit before other firms imitate its product and reduce its market share.
Figure 6.2

PIS) AC 2 MC MR

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