2. The top panel in the gure to the right represents the relation 9000 . ship of marginal cost and 8:000 41 marginal revenue associ .5 g 7,000 1 A Mr ated with different quan E E 5000 1 ' a tities of cars produced by g 5.000 f /_,z a rm that successfully 73,: 4'0004 ; E_ / differentiates its product. E'E :32: 4/ c In the bottom panel, the z E 1:000 a. , ; - corresponding changes in 0 1"\" 1 T T T r rm's prots are given. 4,000 a a. What rule Of thumb d0 0 10 20 30 40 50 you infer from this picture 60,000 a in terms of prot max imization? Why is the 40.0001 prot maximized at that 2' specic quantity? What E 20.000 ' happens if the quantity is 0 . "I 1 T T T r lower or higher than that? (2 POM?) 20,000 ~ b. Would that rule of thumb still be relevant to the rms decision if this was a perfectly competitive market? Why or Why not? (1 points) 10 20 30 40 50 /,/ 'l I 'l ' D 60 70 1 I "'60 7o 80 80 Quantity of cars, Q Quantity of cars