(a) Using the data from Figure 2, calculate the firm's total profit. (b) If the firm operates at optimum efficiency, how much will its output

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(a) Using the data from Figure 2, calculate the firm's total profit.
(b) If the firm operates at optimum efficiency, how much will its output be?
(c) If the firm were a perfect competitor how much would its price be in the long run?

MC 16 ATC 15 14 13 D 12 11 MR 10 4 6. 8. 10 12 14 Output CO 2. Price ($)

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(a) Using the data from Figure 2, calculate the firm's total profit. (b) If the firm operates at optimum efficiency, how much will its output

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