Now add in the marginal-cost and marginal-revenue curves
Draw a perfectly elastic demand curve on top of a standard U-shaped, average-total-cost curve. Now add in the marginal-cost and marginal-revenue curves. Find the profit-maximizing point, MR MC. Indicate the firm's total revenue and total costs.
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draw a perfectly elastic demand curve on top of a standard u-shaped average-total-cost curve now add in the
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