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1. if the industry or market is in equilibrium at point C, where will the firm choose to operate and what are the economic profits

1. if the industry or market is in equilibrium at point C, where will the firm choose to operate and what are the economic profits ( losses) at that point? 2. why did the economic profits ( losses) change compared to when the market was in equilibrium at point B? ( provide at least a paragraph and your calculations for full credit)
Industry Firm P MC So P ATC S1 h 36 P1=MRI 28.4 28 a PO=MRo D1 Do 1,600 1,800 2,000 20 40 48 Answer the following questions based off of the graphs above, which depict a perfectly competitive industry and firm

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